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SoftBank Group Corp

SoftBank invests $200mn in Latam cryptocurrency exchange
Business & Finance

SoftBank invests $200mn in Latam cryptocurrency exchange

  • The SoftBank capital raise comes at a time when investor sentiment on cryptocurrencies has soured amid regulatory crackdowns in China, Britain and Japan.
  • Mercado Bitcoin will use the funds to scale its operations, expand offerings, and invest in infrastructure to meet rising demand for crypto in the region, 2TM said in a statement.
Published 01 Jul, 2021 04:43pm
Mexican used-car startup Kavak hits $4 billion valuation
Business & Finance

Mexican used-car startup Kavak hits $4 billion valuation

  • Kavak, which was founded in 2016 and is backed by Japan's SoftBank Group Corp, became Mexico's first tech "unicorn" last October when it reported a valuation of more than $1 billion.
  • The new capital injection will help Kavak, an online platform for buying and selling secondhand cars operating in Mexico and Argentina, launch in Brazil in the next couple of months, Chief Executive Carlos Garcia said.
Published 07 Apr, 2021 06:52pm
Nikkei surges
Markets

Nikkei surges

TOKYO: Japanese shares closed higher on Tuesday after declining for two consecutive sessions, as investors scooped ...
Published 20 Jan, 2021 04:29am