What’s going on? SoftBank (Japanese tech conglomerate) updated disappointing quarterly results, which was 40% lower yoy. What does this mean? This shrink is partially due to the large stakes of Chinese companies that Softbank owns. The Chinese government has taken severe measures against local firms with US-listed shares E.g: Didi’s share price have decreased by the same amount…
Tag: Didi
Journal Report 6: SoftBank Is Funding Every Side of a Bruising Startup Battle
Introduction In Mexico, for two years, the legendary late-night snack spot El Moro relied on Uber Eats to deliver its churros and hot cocoa to takeout customers across the capital. Then, in late 2018, it dumped Uber for an exclusive deal with rival delivery startup Rappi. The Colombian company offered to make deliveries for 10%…
with HT 