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Experts Weigh In On Potential WeWork Bankruptcy

Experts Weigh In On Potential WeWork Bankruptcy
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Top SoftBank Exec Quits After Reported Clash Over Compensation

SoftBank Group, a Japanese investment firm, announced Friday that its chief operating officer Marcelo Claure is stepping down, following rumors that his demands for up to $1 billion in pay had sparked an internal feud. Claure, 51, a US-Bolivian businessman, "made significant contributions to SoftBank" during his nine years at the company, according to Masayoshi Son, the company's creator.

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SoftBank slumps 9% after week of bad portfolio news

Shares fell to ¥5,057 — the biggest intraday drop since March 2020 and part of its worst annual decline since 2006.

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SoftBank slumps 9 per cent after bad portfolio news

SoftBank Group Corp extended a six-day slump with another drop of as much as 9 per cent in Tokyo Monday as key companies in its portfolio delivered further bad news.

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Asia markets mixed as investors eye Omicron, Chinese tech woes

Asian markets were mixed in trading on Monday, tracking uncertainty over the Omicron variant of the coronavirus as well as disappointing US jobs data and strugg

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SoftBank beats Japanese record for annual net profit | Money

TOKYO, May 16 — Investment giant Softbank Group on Wednesday reported the best ever annual net profit for a Japanese company, reaping the rewards of tech share rallies to recover from last year’s record loss. The telecoms firm turned investment behemoth has poured money into some of Silicon...

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TikTok's 38-year-old founder emerges from turmoil with a growing fortune

TikTokâs 38-year-old founder emerges from turmoil with a growing fortune - and increased scrutiny
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Just last year, the worldâs most valuable startup, ByteDance, was being squeezed from all sides.
The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India had blacklisted some of its social-media apps.
Zhang Yiming owns about a quarter of ByteDance.
Credit:Bloomberg
For all the obstacles, ByteDance kept growing. Now its founder, 38-year-old Zhang Yiming, is among the worldâs richest people - a distinction that lately has carried increased risks in China.

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TikTok founder's $60 bn fortune places him among the world's richest people

Just last year, the world’s most valuable startup, ByteDance Ltd., was being squeezed from all sides.
The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India had blacklisted some of its social-media apps.
For all the obstacles, ByteDance kept growing. Now its founder, 38-year-old Zhang Yiming, is among the world’s richest people -- a distinction that lately has carried increased risks in China.
Shares of the company trade in the private market at a valuation of more than $250 billion, people familiar with the dealings have said. At that level, Zhang, who owns about a quarter of ByteDance, could be worth more than $60 billion, placing him alongside Tencent Holdings Ltd.’s Pony Ma, bottled-water king Zhong Shanshan and members of the Walton and Koch families in the U.S., according to the Bloomberg Billionaires Index.

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TikTok Founder Zhang Yiming, 38, Is Among World's Richest With $60 Billion Fortune

Zhang Yiming owns about a quarter of ByteDance, could be worth more than $60 billion.
Just last year, the world's most valuable startup, ByteDance Ltd., was being squeezed from all sides.
The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India blacklisted some of its social-media apps.
For all the obstacles, ByteDance kept growing. Now its founder, 38-year-old Zhang Yiming, is among the world's richest people -- a distinction that lately has carried increased risks in China.
Shares of the company trade in the private market at a valuation of more than $250 billion, people familiar with the dealings have said. At that level, Zhang, who owns about a quarter of ByteDance, could be worth more than $60 billion, placing him alongside Tencent Holdings Ltd.'s Pony Ma, bottled-water king Zhong Shanshan and members of the Walton and Koch families in the U.S., according to the Bloomberg Billionaires Index.

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TikTok founder's $60bn fortune places him among the world's richest people

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TikTok founder’s $60bn fortune places him among the world’s richest people
Just last year, the worldâs most valuable startup, ByteDance, was being squeezed from all sides.
By Zheping Huang, Bloomberg
14 Apr 2021
07:03
Zhang Yiming, chief executive officer and founder of Bytedance Ltd. Image: Gilles Sabrie/Bloomberg
Just last year, the worldâs most valuable startup, ByteDance, was being squeezed from all sides.
The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India blacklisted some of its social-media apps.

Longyan , Fujian , China , Beijing , India , Xiaomi , Chinese , Zhong-shanshan , Ma-rui , Kirk-boodry , Joan-wang , Zhang-yiming