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December 5, 2019
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SoftBank Group Corp

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Uber rivals mobilize as the company’s future in London becomes uncertain

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Several of Uber’s competitors have made no delay in using the company’s misfortune in London as an opportunity. Source link: Click here for more
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Asia stocks trade higher; Hong Kong democrats surge to election victory

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Shares in Asia traded higher Monday morning, as investors watch market reaction to Hong Kong’s district council elections amid months of civil unrest in the city. Source link: Click here for more
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WeWork planning to layoff thousands in cost-cutting efforts: NYT

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Signage is seen at the entrance of the WeWork offices on Broad Street in New York. David ‘Dee’ Delgado | Bloomberg | Getty Images WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability and those layoffs could be announced as early as this...
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Asia markets mixed as China’s October industrial production data misses forecasts

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Stocks in Asia were mixed on Thursday, while China’s October industrial production data showed it missed expectations. Source link: Click here for more
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China could launch its own digital currency in the next 2-3 months, predicts investor

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Jack Lee, managing partner of HCM Capital, said China has “all the system and the network ready” for its central bank to issue a national digital currency. Source link: Click here for more
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A new $400 million tech fund wants to help Europe compete with Silicon Valley and China

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Venture capital firm Balderton Capital has raised a new $400 million fund, which will be used to invest in early-stage European start-ups. Source link: Click here for more
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SoftBank CEO says after WeWork there will be no rescue investments

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Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images SoftBank CEO Masayoshi Son won’t call WeWork a rescue, claiming instead that the latest financing allowed his company to dramatically reduce the average share...
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Two experts break down SoftBank’s first earnings loss in 14 years

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SoftBank reported its first quarterly loss in 14 years on Wednesday, including a nearly nine billion dollar hit at its Vision Fund. The company did not release a forecast for the current business year, saying there were too many uncertain factors. Dan Primack, business editor at Axios, and Rana Foroohar,...
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SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

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SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts’ estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies. Source link: Click here for more
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Japan’s Nikkei touches 2019 highs following Wall Street record performance

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A private survey of China’s services sector showed activity slowing to a eight month low in October. Source link: Click here for more
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Ben Horowitz: WeWork’s company culture caused it to lose touch with reality

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Ben Horowitz, co-founder and general partner at Andreessen Horowitz, joins “Squawk Box” to discuss corporate culture at WeWork.
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SoftBank is turning to its Sprint leaders to bail out WeWork—they’ll need to do better this time

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SoftBank now owns 80% of WeWork and is using the same trio that struggled operating Sprint to manage the office-sharing company. Source link: Click here for more
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Abu Dhabi is investing hundreds of millions in tech start-ups from the Middle East

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Mubadala, Abu Dhabi’s state investor, announced Monday new MENA tech funds will invest $250 million in start-ups from the Middle East region. Source link: Click here for more
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What happens if WeWork runs out of cash

CNBC Real Estate
A woman enters the WeWork Cos. Iceberg co-working space in Tokyo, Japan. Keith Bedford | Bloomberg | Getty Images Last year WeWork boasted of becoming the biggest private tenant in Manhattan, London and Washington, D.C. Those feats have now become an albatross, and WeWork’s biggest investor, SoftBank, is scrambling to...

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