DANKE APARTMENT: CHINESE HOUSING APP THAT LEFT MANY HOMELESS

• It was yet one of those days when Beijing resident Xiaoyue and his wife returned to their rented flat after dinner but this time, only to find another couple standing at their door, altering the locks.
• The man and woman were their landlords. They wanted Xiaoyue and his wife to ...

SOFTBANK REPORTS A SURGE IN NET PROFIT BY $1.88 TRILLION IN THE FIRST HALF

Highlights –

• SoftBank reports a surge in net profit by $1.88 trillion in the first half.
• The company’s sales totaled 2.63 trillion yen in the six months to September.
• The company’s investment funds logged a profit of 1.34 ...

JACK MA RESIGNS FROM SOFTBANK BOARD

Highlights

• Jack Ma served on the board of SoftBank for over a decade

• SoftBank Group announced operating losses worth $12.7 billion for the fiscal year ended on March 31

Hours after SoftBank announced the largest loss in its history, which is also one of...

GOLDMAN SACHS CEO ADVISE ON WEWORK STARTUP IPO

Highlights

• Investment bank helps in listing process  

Goldman Sachs Chief Executive David Solomon called WeWork’s cancelation of initial public offering (IPO) a great illustration of the listing process functioning.

The inv...