SoftBank 2019-20 Operating Loss At Record $13 Billion As Tech Bets Hurt

[ad_1] The value of SoftBank’s tech bets via the $100-billion Vision Fund crumbled Tokyo: SoftBank Group Corp on Monday reported a record operating loss of 1.4 trillion yen ($13 billion) for the April-March financial year as the value of its tech bets via the $100-billion Vision Fund crumbled. The tech and telecoms conglomerate’s disastrous result, […]

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Oyo Says Annual Loss Grew Over Six-Fold On China Expansion

[ad_1] BENGALURU: SoftBank-backed Oyo Hotels and Homes said on Monday losses widened more than six-fold in the year to March 2019, as the India-based hotel chain spent heavily to expand into China. The news comes weeks after Oyo began laying off roughly 2,000 employees in India, as it inches toward profitability, and days after its […]

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