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SoftBank Group

Tencent-backed QuantumPharm on track to become Hong Kong’s second-biggest IPO of the year

by Anas Siddiqui
Tencent-backed QuantumPharm on track to become Hong Kong’s second-biggest IPO of the year

QuantumPharm received about HK$4.3 billion of orders based on 12 major brokers’ margin lending to clients for the retail tranche of its IPO when the books closed at noon on …

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WeWork Founder Adam Neumann Abandons Bid to Regain Control of the Company

by Ron Morgan
WeWork Founder Adam Neumann Abandons Bid to Regain Control of the Company

Adam NeumannPhoto: Kelly Sullivan/Getty Images for the WeWork Creator Awards (Getty Images) Adam Neumann is going to end his effort to buy WeWork. The Wall Street Journal reports that the …

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SoftBank posts second quarter of profit as AI boom lifts shares of chip designer Arm

by Anas Siddiqui
SoftBank posts second quarter of profit as AI boom lifts shares of chip designer Arm

The Tokyo-based company earned a better-than-expected net income of 231.1 billion yen (US$1.5 billion) in the March quarter, compared with a net loss of 57.6 billion yen a year earlier, …

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China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

by Walter Watson
China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital …

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Arm Appoints Jason Child as CFO Ahead of Preparations for Public Listing

by Maya Ortiz
Arm Appoints Jason Child as CFO Ahead of Preparations for Public Listing

Britain’s Arm said on Monday it had appointed Splunk’s Jason Child as its new chief financial officer, as the chip designer prepares for a public listing. Masayoshi Son, the founder …

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Ex-Apple design chief discussing AI hardware with OpenAI

by Maya Ortiz
Ex-Apple design chief discussing AI hardware with OpenAI

Apple’s former design guru Jony Ive is reported to be in talks with prominent AI startup OpenAI to create what’s being dubbed as “the iPhone of artificial intelligence.” And if …

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