Alibaba

New York (CNN Business)SoftBank is often described as the Berkshire Hathaway of tech. That was once a flattering comparison. But the investing track records for the Japanese firm run by Masayoshi Son and Berkshire's Warren Buffett have soured lately.SoftBank (SFTBF) has been hit hard by the huge drop in the…

Bilibili staff gathered at the company's initial public offering at the Nasdaq MarketSite in New... York on March 28, 2018. Photographer: Michael Nagle/Bloomberg © 2018 Bloomberg Finance LP China streaming site Bililbili has added a second billionaire among its leaders after the company's Nasdaq-traded shares rose to a record on…

SoftBank’s First Vision Fund May Be Its Last After $18 Billion Loss(Bloomberg) -- Before the meltdown at WeWork and the outbreak of the coronavirus pandemic, Masayoshi Son said he would like to raise a new Vision Fund every two to three years after his initial $100 billion fund. Now the…

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. The company announced that Ma is set to resign June 25, a departure that comes as Softbank continues to reel from its…

Jack Ma, chairman of Alibaba group, sings a song during an event to mark the 20th anniversary of Alibaba in Hangzhou in China’s eastern Zhejiang province. Photo: GettyAlibaba founder and Michael Jackson enthusiast, Jack Ma, is stepping down from his role on Softbank’s board just as the company is reporting…

SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.Announcing a record annual loss for his tech conglomerate, and an…

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in TokyoBy Sam NusseyTOKYO (Reuters) - SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his…

Jack Ma waves on an occasion utterly unrelated to his departure from SoftBank's Board Alibaba co-founder Jack Ma will step down from the board of Japanese tech conglomerate SoftBank after a 13-year stint. Ma and SoftBank's founder, Masayoshi Son, have been close friends since SoftBank's bet on Alibaba in 2000.…

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 annual operating loss, with the investing giant's flagship Vision Fund suffering a $17.7 billion loss.Visit Business Insider's homepage…

Japan's SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets slid below cost, pushing the group to its largest-ever loss.The fund's $75 billion investment in 88 startups were worth $69.6 billion at the end of…