Articles tagged “softbank”

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Danni Santana, Skift

Sometimes it's obvious when a company is growing too fast. This doesn't appear to be one of those times. Oyo wants to be everywhere customers want to vacation.

5 days ago

GetYourGuide’s New $484 Million Infusion May Force Consolidation in Travel Experiences

GetYourGuide’s New $484 Million Infusion May Force Consolidation in Travel Experiences

Sean O'Neill, Skift

SoftBank has upended the sales of tours and attractions by investing record-breaking sums in GetYourGuide and Klook. That's boosted valuations to such lofty levels that it may leave only a few options: Merge or go public.

1 month ago

SoftBank Is In for Long Haul With Massive Ridehailing Bet

SoftBank Is In for Long Haul With Massive Ridehailing Bet

Pavel Alpeyev, Bloomberg

SoftBank founder Masayoshi Son is a big believer in Uber, and the company's upcoming initial public offering will make him and his company richer. But it sounds like he's thinking about the more lucrative rewards further down the line.

2 months ago

Uber Secures $1 Billion Funding for Self-Driving Unit Ahead of IPO

Uber Secures $1 Billion Funding for Self-Driving Unit Ahead of IPO

Eric Newcomer, Bloomberg

The autonomous-car unit is a very costly endeavor with Uber not making any profits. But the latest $1 billion investment helps Uber to go on its IPO roadshow with additional fuel.

2 months ago

Klook Receives $225 Million SoftBank Investment in Nod to Tours and Activities

Klook Receives $225 Million SoftBank Investment in Nod to Tours and Activities

Raini Hamdi, Skift

For the first time, an Asian startup, Klook, is attracting the highest funding ever in tours and activities. For the last time, can skeptics of this travel sector please bow out?

3 months ago

Oyo to Flood Japan With Budget Hotels in New Deal With SoftBank

Oyo to Flood Japan With Budget Hotels in New Deal With SoftBank

Raini Hamdi, Skift

Japan is a destination that’s never, ever described as affordable. But Oyo, with its budget hotel concept, could be transformational for its tourism economy.

3 months ago

Uber Closes in on Selling $1 Billion Stake in Its Self-Driving Car Unit

Uber Closes in on Selling $1 Billion Stake in Its Self-Driving Car Unit

Eric Newcomer, Bloomberg

Given the massive bet it has on Uber, SoftBank will want to do all to ensure the ridehailing company's success — including bankrolling Uber’s very expensive self-driving car unit.

3 months ago

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

SoftBank Invests Another $1.5 Billion in Singapore’s Grab

Yoolim Lee and Pavel Alpeyev, Bloomberg

Already a major investor in Singapore's Grab, SoftBank is pumping in more big money into the ridehailing company, which is in a two-horse race with Indonesia's Go-Jek to gain dominance in Southeast Asia. We're tightening our seat belts watching this epic battle.

4 months ago

Oyo Partners With Yahoo to Bring Its New Home Rental Model to Japan

Oyo Partners With Yahoo to Bring Its New Home Rental Model to Japan

Raini Hamdi, Skift

India's Oyo should feel at home in Japan, home of its biggest financier SoftBank. But will this automatically translate to success for Oyo? This is why it is starting its expansion in Japan with a new long-stay model.

4 months ago

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Uber CEO Hopes IPO Will Solve Its Saudi Arabia Investor Problem

Dennis Schaal, Skift

Uber needs to shed its Saudi Arabia investment as long as Crown Prince Mohammed Bin Salman remains in power, and the country bombs innocents in Yemen. Uber's leaders know they have to do this, but how they dump their Saudi investment and the extent of the divorce remain to be seen.

7 months ago

SoftBank, Toyota Partner for Ride-Hailing Service

SoftBank, Toyota Partner for Ride-Hailing Service

Kevin Buckland, Pavel Alpeyev and Ma Jie, Bloomberg

After years of pumping investment money into other ridesharing services, two Japanese giants are giving it a go themselves, first with ride hailing and then autonomous vehicles. The stakes are rising.

9 months ago

Japan is Finally Introducing Ride-Hailing Ahead of 2020 Summer Olympics

Japan is Finally Introducing Ride-Hailing Ahead of 2020 Summer Olympics

Won Jae Ko, Pavel Alpeyev, and Ma Jie, Bloomberg

Japan is slowly beginning to shed its isolated characteristics as it prepares to host the 2020 Summer Olympics and also recently legalized alternative accommodations across the country. It will be interesting to see if taxis and successfully collaborate with ride-hailing apps, which hasn't been the case in many other countries.

11 months ago