Posts filtered by tags: Jack Ma[x]


 

Startups Weekly: SoftBank portfolio results show which tech sectors are still thriving

Editor’s note: Want this in your inbox every Saturday morning? Click here to subscribe to Startups Weekly and all the other great TechCrunch newsletters. Remember when the top investors and companies in tech were reacting to SoftBank’s every move? These days, we are picking through the latest results from the Japanese conglomerate and its Vision Fund to see how things went wrong, and where it is still succeeding with its startup portfolio. First up, this fund appears to be out of additional mon...
Tags: TC, Verizon, Facebook, Europe, California, Softbank, San Francisco, Tech, Atlanta, Palo Alto, Mexico City, Alibaba, Silicon Valley, Boulder, EC, Sequoia Capital


A veteran Silicon Valley investor said SoftBank's $100 billion Vision Fund had one big fatal flaw — too much money

SoftBank's $100 billion Vision Fund had a big flaw that hindered it from the get-go, Menlo Ventures partner Matt Murphy told Business Insider. A key part of the fund's strategy was to deploy its capital in increments of at least $100 million, and often much more than that. But few companies can make effective use of that much capital, Murphy said. Startups often need time to develop, to figure out their business models and the demand for their products, and to allow potential customers to get ...
Tags: Softbank, Trends, Silicon Valley, Jack Ma, Matt Murphy, Menlo Ventures, Murphy, Masayoshi Son, Troy Wolverton, Vision Fund


We'll never see another $100 billion technology Vision Fund — from SoftBank or anyone else (UBER)

SoftBank's Vision Fund may be the first — and last — $100 billion investment vehicle. SoftBank CEO Masayoshi Son planned for it to be the first of a succession of gigantic funds, but it performance to date has been poor; it lost $10 billion in value in the March quarter of this year alone and is now worth less than what backers invested in it. The fund's poor performance has highlighted the flaws inherent in trying to invest $100 billion in startup companies in little more than three years. No...
Tags: Apple, Google, Amazon, Facebook, Softbank, US, Trends, Alibaba, Jesus, University of Pennsylvania, Jack Ma, Yahoo Japan, Matt Murphy, National Venture Capital Association, Sapphire Ventures, Northwestern University


Jack Ma Is Out as Softbank's Year From Hell Spirals Into Outright Disaster

Alibaba founder and Michael Jackson enthusiast, Jack Ma, is stepping down from his role on Softbank’s board just as the company is reporting the biggest losses in its history.Read more...
Tags: Uber, Science, Softbank, Alibaba, WeWork, Michael Jackson, Jack Ma


Jack Ma is resigning from SoftBank's board. Here's a look at how the cofounder of Alibaba and the richest person in China built his fortune.

Alibaba founder Jack Ma has stepped down from SoftBank's board after the company announced a record annual loss of $13 billion. In 2019, Alibaba sales hit $13 billion in the first hour of Single's Day, an annual November 11 shopping extravaganza Ma created. Since stepping down as Alibaba's chairman on his 55th birthday in September, Ma has sourced and shipped hundreds of thousands of coronavirus testing kits and N95 face masks to countries around the world. Ma is the richest person in China wi...
Tags: Taylor Swift, Yahoo, Ebay, China, Softbank, US, San Francisco, Trends, Bloomberg, Davos, Harvard, United States, Shanghai, Alibaba, Goldman Sachs, WeWork


Daily Crunch: Apple Stores begin to reopen

Apple outlines new safety measures as it reopens stores, Huawei responds to new U.S. chip curbs and Jack Ma departs SoftBank’s board of directors. Here’s your Daily Crunch for May 18, 2020. 1. Apple begins reopening some stores with temperature checks and other safeguards in place In mid-March, Apple closed all of its stores outside of China “until further notice.” In a statement issued today under the title, “To our Customers,” Retail SVP Deirdre O’Brien offered insight into the company’s ...
Tags: Apple, TC, Facebook, China, India, Softbank, US, Tech, Netflix, Alibaba, Oculus, Huawei, TSMC, Jack Ma, Bangalore, Alex Wilhelm


As Jack Ma and SoftBank part ways, the open and globalized era of tech comes ever closer to an end

It would be one of the greatest startup investments of all time. Masayoshi Son, riding high in the klieg lights of the 1990s dot-com bubble, invested $20 million dollars into a fledgling Hong Kong-based startup called Alibaba. That $20 million investment into the Chinese ecommerce business would go on to be worth about $120 billion for SoftBank, which still retains more than a quarter ownership stake today. That early check and the rise, fall, and rise of Son and Alibaba’s Jack Ma helped t...
Tags: Asia, Hong Kong, Europe, Japan, China, Softbank, US, Tech, Bloomberg, United States, United Kingdom, Arizona, Alibaba, ARM Holdings, Alibaba Group, Huawei


SoftBank racks up losses, including WeWork investment; Alibaba’s Jack Ma quits board

Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork.
Tags: Softbank, Alibaba, Jack Ma, SoftBank Group Corp


Equity Monday: Food delivery economics, and global layoffs

Good morning and welcome back to TechCrunch’s Equity Monday, a brief jumpstart for your week. A few housekeeping notes. First, the main, long-from Equity episodes still drop every Friday, so if you are behind, check your podcast feed. Also, we’re running a listener survey which you can find here, in the last ep’s shownotes. And finally, I am off next week, so Danny Crichton will take over Equity Monday for us. I’ll be right back. All that behind us, here’s what we talked about this ...
Tags: Apple, Fundings & Exits, Startups, Europe, Softbank, Tech, Nvidia, Zomato, Equity, Jack Ma, Swiggy, Danny Crichton, Tech eu, Equity Monday, COVID, Hello Customer


SoftBank loses Jack Ma from its board and posts worst loss ever

SoftBank lost a major name from its board and confirmed historic losses on Monday — signs of turmoil at the Japanese conglomerate after it was battered by the coronavirus pandemic and a series of tech bets gone bad.
Tags: Softbank, Cnn, Jack Ma


Alibaba's Jack Ma bails from SoftBank's board

Japanese Uber-investor refreshing board as Ma heads off to do good works Alibaba co-founder Jack Ma will step down from the board of Japanese tech conglomerate SoftBank after a 13-year stint.…
Tags: Softbank, Software, Alibaba, Jack Ma, Ma


SoftBank says Jack Ma is leaving its board after it sinks to historic loss

SoftBank lost a major name from its board and confirmed historic losses on Monday — signs of turmoil at the Japanese conglomerate after it was battered by the coronavirus pandemic and a series of tech bets gone bad.
Tags: Softbank, Cnn, Jack Ma


Jack Ma is stepping down from the board just as Softbank announced a record $13 billion loss

Jack Ma is resigning from SoftBank's board of directors effective June 25. Ma has been a director at SoftBank for 13 years. News of his departure came just as SoftBank posted a $13 billion loss, while Softbank's flagship vision fund suffered a $17.7 billion loss.  Visit Business Insider's homepage for more stories. Alibaba founder and China's richest man Jack Ma has left SoftBank's board of directors. The news comes just as the company announced it has suffered a record financial loss of $13 ...
Tags: China, Softbank, Trends, Alibaba, WeWork, Jack Ma, Ma, Masayoshi Son, Julie Bort, SoftBank Vision Fund, WeWork Uber, Oyo Bloomberg


Jack Ma to resign from SoftBank Group’s board of directors

SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma’s resignation will be effective on June 25, the date of SoftBank Group’s annual shareholder meeting. The company did not give a reason for the resignation, but over the past year, Ma has been pulling back from business roles to focus on philanthropy. Last September, he resigned as Alibaba’s chairman, and is also expected to step down from its board at it...
Tags: TC, Tech, Alibaba, SEC, WeWork, Alibaba Group, Jack Ma, Ma, Oyo, SoftBank Group, Cadence Design Systems, Vision Fund, Masayoshi Son SoftBank, Yoshimitsu Goto, Waseda Business School


SoftBank announces that Jack Ma will leave its board ahead of earnings report

SoftBank on Monday said that Jack Ma has resigned from its board, while also revealing a big round of share buybacks. The announcements come ahead of what is widely expected to be an historically terrible earnings report for the Japanese tech conglomerate.
Tags: Softbank, Cnn, Jack Ma


Jack Ma Leaves SoftBank Board as Record Losses Loom

The Chinese tycoon’s disclosure came just hours before the company was preparing to announce a major financial hit to its annual results from the coronavirus and a slump in the tech sector.
Tags: Japan, News, Son, Jack, Jack Ma, Ma, Alibaba Group Holding Ltd, Stocks and Bonds, Appointments and Executive Changes, SOFTBANK Corporation, Masayoshi, SoftBank Board, Coronavirus (2019-nCoV


Alibaba's Jack Ma resigns from SoftBank board

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Tags: Money, Softbank, businessNews, Alibaba, Jack Ma, SoftBank Group Corp


El fundador de Alibaba abandona el consejo de administración de Softbank

Tokio, 18 may (EFE).- El empresario chino Jack Ma, fundador del gigante electrónico Alibaba, dejará de ser integrante del consejo de administración del grupo nipón Softbank el próximo 25 de junio, informó hoy la compañía japonesa.
Tags: Business, News, Softbank, Alibaba, Jack Ma, EFE El empresario


SoftBank proposes three new board members as Alibaba's Jack Ma resigns

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
Tags: Money, Softbank, businessNews, Alibaba, Jack Ma, SoftBank Group Corp


Elon Musk tweets 'Facebook sucks' at Facebook AI lead who said Musk has 'no idea what he's talking about about when he talks about AI'

Tesla CEO Elon Musk is notorious for making broad, grand statements about artificial intelligence. Facebook Head of AI Jerome Pesenti took Musk to task on Wednesday, saying the Tesla CEO "has no idea what he is talking about when he talks about AI." Musk, who fathered a child with the musician Grimes earlier this month, responded to Pesenti at 1 a.m. on Thursday morning. "Facebook sucks," he said. Musk has been openly critical of Facebook for years and has advocated for people to delete their ...
Tags: Facebook, Spacex, Elon Musk, Trends, Tesla, Alibaba, Grimes, Jack Ma, Musk, Shanghai China, Facebook Head, Pesenti, Neuralink, Facebook AI, Jérôme Pesenti, PT Musk


Elon Musk tweets 'Facebook sucks' at Facebook AI lead who said Musk 'has no idea what he is talking about when he talks about AI'

Tesla CEO Elon Musk is notorious for making broad, grand statements about artificial intelligence. Facebook's head of AI, Jerome Pesenti, took Musk to task on Wednesday, saying the Tesla CEO "has no idea what he is talking about when he talks about AI." Musk, who had a child with the musician Grimes earlier this month, responded to Pesenti at 1 a.m. PT on Thursday, saying, "Facebook sucks." Musk has for years been openly critical of Facebook and has advocated for people to delete their account...
Tags: Facebook, Spacex, Elon Musk, Trends, Tesla, Alibaba, Grimes, Jack Ma, Musk, Shanghai China, Pesenti, Neuralink, Facebook AI, Jérôme Pesenti, AGI Pesenti


Masa Son is facing one of his biggest challenges yet as the SoftBank Vision Fund racks up billions in losses. 12 insiders reveal where it all went wrong.

SoftBank's Masayoshi Son has enjoyed a 40-year career in which he built SoftBank into one of the world's largest tech investors and became a billionaire in the process.  But Son is facing one of the biggest challenges of his career, with the $100 billion Vision Fund racking up billions of dollars in losses, large investments like WeWork underperforming and an activist investor targeting his stock. Business Insider spoke with more than a dozen people who have worked with Son, invested alongside...
Tags: Apple, Japan, London, Yahoo, California, Saudi Arabia, Singapore, India, Softbank, US, San Francisco, Trends, Walmart, Bloomberg, Nasa, House


'Be a good salesman, talk a big future, mention AI, and he will probably give you money': How the $100 billion SoftBank Vision Fund lost its way

SoftBank's Masayoshi Son has enjoyed a 40-year career in which he built SoftBank into one of the world's largest tech investors and became a billionaire in the process.  But Son is facing one of the biggest challenges of his career, with the $100 billion Vision Fund racking up billions of dollars in losses, large investments like WeWork underperforming and an activist investor targeting his stock. Business Insider spoke with more than a dozen people who have worked with Son, invested alongside...
Tags: Apple, Japan, London, Yahoo, California, Saudi Arabia, Singapore, India, Softbank, US, San Francisco, Trends, Walmart, Bloomberg, Nasa, House


'Be a good salesman, talk a big future, mention AI, and he will probably give you money': How the SoftBank Vision Fund lost its way

SoftBank's Masayoshi Son has enjoyed a 40-year career in which he built SoftBank into one of the world's largest tech investors and became a billionaire in the process.  But Son is facing one of the biggest challenges of his career, with the $100 billion Vision Fund racking up billions of dollars in losses, large investments like WeWork underperforming and an activist investor targeting his stock. Business Insider spoke with more than a dozen people who have worked with Son, invested alongside...
Tags: Apple, Japan, London, Yahoo, California, Saudi Arabia, Singapore, India, Softbank, US, San Francisco, Trends, Walmart, Bloomberg, Nasa, House


'Be a good salesman, talk a big future, mention AI, and he will probably give you money': How the Vision Fund lost its way.

SoftBank's Masayoshi Son has enjoyed a 40-year career in which he built SoftBank into one of the world's largest tech investors and became a billionaire in the process.  But Son is facing one of the biggest challenges of his career, with the $100 billion Vision Fund racking up billions of dollars in losses, large investments like WeWork underperforming and an activist investor targeting his stock. Business Insider spoke with more than a dozen people who have worked with Son, invested alongside...
Tags: Apple, Japan, London, Yahoo, California, Saudi Arabia, Singapore, India, Softbank, US, San Francisco, Trends, Walmart, Bloomberg, Nasa, House


Jack Ma: The billionaire trying to stop coronavirus (and fix China's reputation)

How Jack Ma's growing clout during the coronavirus crisis may put him in the sights of China's jealous leaders.
Tags: News, China, Jack Ma


Jack Ma: The billionaire trying to stop coronavirus (and fix China’s reputation)

How Jack Ma's growing clout during the coronavirus crisis may put him in the sights of China's jealous leaders.
Tags: News, China, Jack Ma


Facebook is making a $6 billion bet on a company owned by India's richest man. Meet the Ambanis, who live in a $1 billion skyscraper and mingle with royals and Bollywood stars.

Facebook is investing $5.7 billion in Jio Platforms, a telecom company owned by India's richest man, both companies announced on Wednesday. Mukesh Ambani is worth an estimated $44.6 billion, making him the 19th-richest person in the world, according to Bloomberg's Billionaires Index. He's the chairman and majority owner of Reliance Industries, which owns Jio Platforms. Ambani's fortune grew by $16.1 billion in 2019, but most of that was wiped out in the first four months of 2020 because of st...
Tags: Google, Facebook, Mark Zuckerberg, Asia, UK, Beyonce, Nick Jonas, India, Narendra Modi, US, America, Barack Obama, Trends, Bloomberg, Atlantic, Hillary Clinton


10 African Countries Have No Ventilators. That's Only Part of the Problem.

DAKAR, Senegal -- South Sudan, a nation of 11 million, has more vice presidents (five) than ventilators (four). The Central African Republic has three ventilators for its 5 million people. In Liberia, which is similar in size, there are six working machines -- and one of them sits behind the gates of the U.S. Embassy.In all, fewer than 2,000 working ventilators have to serve hundreds of millions of people in public hospitals across 41 African countries, the World Health Organization says, compar...
Tags: Facebook, Europe, News, Nigeria, Africa, Senegal, South Africa, Sierra Leone, New York Times, Liberia, Guinea, Cameroon, United Nations, Mali, Who, World Health Organization


Jack Ma v. Bill Gates: Does Africa need another benevolent billionaire?

The latest member of the benevolent billionaires club could learn from what his peers have done right — and wrong The post Jack Ma v. Bill Gates: Does Africa need another benevolent billionaire? appeared first on The Mail & Guardian.
Tags: Africa, Article, Bill Gates, United Nations, Alibaba, Ethiopia, Melinda Gates, Jack Ma, Addis Ababa, Paul Kagame, African Union, Openaccess, Top Six, Face Masks, Coronavirus, South Africa (country