SoftBank has reported a 1.36 trillion yen loss ($12.7bn) in line with its forecasts. These losses, which are the worst ever for SoftBank, have been driven largely by the $100bn Vision Fund, as a result of valuations e.g. WeWork, Uber, dipping in the wave of Covid-19. Alibaba Founder Jack Ma has also resigned from its board. Son invested $20m in Alibaba in 2000, a bet that paid big when Alibaba went public in 2014.
Showing posts with label alibaba. Show all posts
Showing posts with label alibaba. Show all posts
Monday, 18 May 2020
Tuesday, 1 September 2009
Ali Baba drops Profit - Sacrificing Margin for Market Share
Alibaba, the leading online B2B marketplace in China, went public in HK in November 2007 (trading under 1688.HK), gaining 200% on its first day.
Its initial strategy was to charge high membership fees to choice importers and exporters in China, turning to a volume strategy, of subscribers paying 40% of the annual fee.
Jack Ma is founder and chairman.
Its initial strategy was to charge high membership fees to choice importers and exporters in China, turning to a volume strategy, of subscribers paying 40% of the annual fee.
Jack Ma is founder and chairman.
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