|Bid||78.80 x 30000|
|Ask||79.30 x 30200|
|Day's Range||78.63 - 79.29|
|52 Week Range||57.01 - 82.79|
|PE Ratio (TTM)||9.61|
|Forward Dividend & Yield||0.34 (0.53%)|
|1y Target Est||N/A|
SoftBank's Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company -- which has struggled for stability following a monster IPO last year -- into international markets. The Vision Fund announced today it has made an undisclosed investment in ZhongAn International, the global arm of the five-year-old company created by $200 billion insurance giant Ping An and internet firms Tencent and Alibaba. ZhongAn International was created in December of last year to scout out overseas opportunities.
The latest round, led by Coatue Management and DST Global, brings DoorDash’s total investment to almost $1bn. San Francisco-based DoorDash has struck partnerships with several large restaurant chains, including Chipotle, Wendy’s, IHOP and The Cheesecake Factory. It has also expanded a recent pilot with Walmart as it looks beyond restaurants for growth.
Japan's Nikkei rebounded from a five-week low on Tuesday, as export-driven firms benefited from a pause in the safe-haven yen's appreciation following the Turkish lira's partial recovery. A strong yen cuts Japanese manufacturers' profits made abroad when repatriated, and the respite on the currency front allowed recent losers such as electric machinery shares to rise on short-covering, while index-heavyweight stocks like SoftBank and Fast Retailing also surged.
Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. SoftBank Group Corp., the Japanese conglomerate that has been touted as a potential source of capital for a buyout of the carmaker, isn’t planning to participate in such a deal, according to people with knowledge of the matter. The company, which held talks with Musk in 2017 about a possible investment, isn’t interested in revisiting such a plan, said the people, who asked not to be identified as the details aren’t public.
Finn Liu works 60-hour weeks in the heart of Beijing’s Silicon Valley — fuelled, in no small measure, by the meals he has delivered to his desk. , China’s duo of tech titans that are worth a combined $900bn — in a big chunk of the Rmb8.73tn ($1.27tn) food retail and service market, according to iResearch. Like other battles, it is being fought with cash: hefty subsidies that allow diners to eat restaurant food for less than it would cost to cook.
Silicon Valley royalty received a visit from the real thing in April. Google co-founder Sergey Brin and venture capitalist Peter Thiel were among those to meet Crown Prince Mohammed bin Salman of Saudi Arabia during his US tour. Prince Mohammed has an ambitious agenda to transform his oil economy into an investing and technology powerhouse.
Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, discusses SoftBank's and the 5G future. He speaks with Bloomberg's Ed Hammond on "Bloomberg Markets." ...
Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, speaks with Bloomberg's Ed Hammond on "Bloomberg Markets." (Source: Bloomberg)
WeWork Cos. on Thursday disclosed it raised another $1 billion in funding from SoftBank Group Corp., as the shared-office company continues its rapid growth by doubling revenue but piling up losses, according to newly released financial information on Thursday. As a private company, WeWork isn’t required to publicly disclose its financial numbers, but it released the figures to the media in tandem with a periodic update to bond investors. WeWork, one of the world’s most valuable startups with a valuation of about $20 billion, said the new funding from its investor SoftBank came in the form of a subordinated convertible note that is structured to give the Japanese company an edge in the next fundraising round.
As WeWork Co.’s co-working business grows, so have its expenses, which means it continues to need cash. Luckily, the startup has a willing partner: SoftBank Group Corp. The Japanese conglomerate will invest another $1 billion in WeWork in the form of a convertible note, WeWork said Thursday in a discussion of its first-half performance.
The 'Squawk Box' team discuss Tesla CEO Elon Musk's announcement that Silver Lake and Goldman Sachs will advise the company in take-private talks.
Aug.13 -- Gordon Johnson, analyst at Vertical Group, discusses Elon Musk's blog post explaining the 'funding secured" tweet and uncertainty about a Saudi fund's interest in taking the company private. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Markets: The Open."
Aug.10 -- Elon Musk tweeted on Tuesday about the prospect of taking Tesla Inc. private at $420 per share. Bloomberg's David Welch and University of Chicago Booth School Professor Steve Kaplan examine the events that followed Musk's tweet and the issues that may await the electric car maker. They speak on "Bloomberg Daybreak: Americas."
Aug.10 -- Marcelo Claure, SoftBank Group's chief operating officer and Sprint's executive chairman, speaks with Bloomberg's Ed Hammond on "Bloomberg Markets."