Softbank
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Tokyo stocks plunged on strong yen and PM election
Stocks plunged in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba's election last week as the head of Japan's ruling party, which boosted expectations the Bank of Japan will continue hiking interest rates.
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Office giant WeWork files bankruptcy
Beleaguered shared office giant WeWork, which has been in dire financial straits for years, has filed for bankruptcy in a bid to negotiate down its debt.
The coworking company said its bankruptcy impacts operations in the United States and Canada, but "global operations are expected to continue as usual."
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Turkey’s Trendyol raises $1.5 bln, valuing it at $16.5 billion
Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, said yesterday it had entered into agreements to raise $1.5 billion from a number of high-profile investors, valuing the company at $16.5 billion.
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That makes the company Turkey's first "decacorn," a word used for those companies over $10 billion, according to a written statement.
Warren Buffett Almost Invested $ 3 billion in Uber
Investor Warren Buffett was in a hurry to invest the $ 3 billion colossal amount in Uber, but the negotiations on the deal failed.
Buffett himself confirmed to CNBC that earlier this year he was discussing the investment with the Uber CEO Dara Kosroushahi, who was in the process of rebranding the company.
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Uber seals multibillion-dollar investment from Softbank
Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant.
Alibaba job boom: Jack Ma chats with Trump about how to create 1 million US jobs over 5 years
President-elect Donald Trump said he had a “great meeting” with Alibaba executive chairman Jack Ma on Monday, when they discussed 1 million new U.S. jobs.
Ma said that Alibaba’s expansion would focus on products like garments, wine and fruits, with a special focus on trade between the American midwest and southeast Asia.
Emotional robot set for sale in Japan next year
A cooing, gesturing humanoid on wheels that can decipher emotions has been unveiled in Japan by billionaire Masayoshi Son who says robots should be tender and make people smile.
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