Tag Archives: Softbank

Didi Chuxing raises $5.5 billion


After riding high on its acquisition of Uber’s Chinese business last year, China’s ride-hailing giant Didi Chuxing has recently raised a whopping $5.5 billion from Silver Lake Partners, China Merchants Bank, Bank of Communications and SoftBank at a rumoured valuation of over $50 billion. According to sources, the cash infusion will be used for global expansion and to further the company’s pursuit of autonomous driving technology. Driverless cars present a great opportunity for ride-hailing companies by its potential to reduce costs. By taking drivers out of the equation and making cars run 24/7, ride-hailing companies can raise their profits ten-fold as well as stay relevant in an ever-changing environment.

SoftBank acquires ARM Holdings


Japan-based SoftBank, one of the largest technology companies in the world, has recently acquired British chip maker ARM Holdings for $31.4 billion. Headquartered in Cambridge, England, ARM Holdings provides chips to 95% of smartphones, 80% of digital cameras, and 35% of all electronic devices. As part of the acquisition, ARM will now be delisted from the London Stock Exchange. According to sources, ARM was acquired to boost SoftBank’s Internet of Things (IoT) plans. The deal could give SoftBank the technological edge that it needs to transform itself from a telecoms company into a global leader with a platform focused on the IoT. It will also allow Japan to regain control of the memory chips market, which has been dominated by the UK and South Korea.

Supercell’s super profit of $924 million


Surpercell, a gaming company based in Finland, announced it earned $924 million in profits and $2.3 billion in revenue in 2015 from its mobile app games Boom Beach, Hay Day and Clash of Clans. Clash of Clans is one of the highest grossing mobile games of all time and Supercell itself is one of the most valuable gaming companies in the world. Softbank, which bought a $1.5 billion stake in the company in 2013, bought an additional 22% stake at a valuation of $5.5 billion in June last year. Supercell is a unique company in the mobile gaming industry because it has been able to achieve success with not just one game, but three games, considering there are thousands of games to choose from at the app store. The formula to success seems to be a combination of well-made games, which are free-to-play, addictive, have beautiful art and don’t take up too much of your time.

You can read more about Supercell here.