SoftBank Vision Fund’s loss of $17.7 billion last year had a lot to do with Uber’s botched IPO and the pandemic that brought the demand for ride-sharing to a standstill.
SoftBank Vision Fund will invest $2.25 billion in General Motor’s autonomous vehicle subsidiary, Cruise LLC. The automaker’s shares rose 13 percent, closing at $42.70 percent,
Didi Chuxing, probably the biggest ride-sharing app in China at present; is contemplating weather to accept a proposed $6 billion investment by the SoftBank Group. If accepted, thi