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SoftBank Vision Fund
The SoftBank Vision Fund is a venture capital fund founded in 2017 that is part of the SoftBank Group. With over $100 billion in capital, it is the world's largest technology-focused investment fund. In 2019, SoftBank Vision Fund 2 was founded. The total fair value of both funds as of 31 March 2021 was $154 billion. History The Softbank Vision Fund was created in May 2017 by the Softbank Group and the Public Investment Fund (PIF). $100 billion was raised with PIF contributing $45 billion, SoftBank contributing $28 billion, the Mubadala Investment Company contributing $15 billion and the rest from other investors including Apple. Through Softbank Vision Fund, Masayoshi Son explained his intent to invest in all companies developing technologies in line with the global artificial intelligence trends, including various sectors such as finance or transportation. In July 2019, SoftBank announced the creation of SoftBank Vision Fund 2 with investors from technology companies such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redwood City, California
Redwood City is a city on the San Francisco Peninsula in Northern California's Bay Area, approximately south of San Francisco, and northwest of San Jose. Redwood City's history spans its earliest inhabitation by the Ohlone people to being a port for lumber and other goods. The county seat of San Mateo County in the heart of Silicon Valley, Redwood City is home to several global technology companies including Oracle, Electronic Arts, Evernote, Box, and Informatica. The city's population was 84,292 according to the 2020 census. The Port of Redwood City is the only deepwater port on San Francisco Bay south of San Francisco. According to the United States Census Bureau, the city has an area of , of which is land and (44.34%) is water. A major watercourse draining much of Redwood City is Redwood Creek, to which several significant river deltas connect, the largest of which is Westpoint Slough. History The earliest known inhabitants of the area which was to become Redwoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board considers it a systemically important bank. José Viñals is the Group Chairman of Standard Chartered. Bill Winters is the current Group Chief Executive. Name The name Standard Chartered comes from the names of the two banks that merged in 1969 to create it: The Chartered Bank of India, Australia and China, and Standard Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coupang
Coupang ( ko, 쿠팡) is a South Korean e-commerce company based in Seoul, South Korea, and incorporated in Delaware, United States. Founded in 2010 by Bom Kim, the company expanded to become the largest online marketplace in South Korea. Its expansion led the company to the video streaming distribution after the launch of the service Coupang Play. Coupang is often referred to as the "Amazon of South Korea", due its position and corporate size in South Korean online market. Overview The first marketplace and largest online retailer in South Korea, Coupang's annual revenue as of 2021 is US$18.4 billion. The company's Rocket Delivery network provides same-day or next-day delivery of more than five million unique items. Coupang claims that 99.6 percent of its orders are delivered within 24 hours. 70% of Korean citizens live within 10 minutes of a Coupang logistic center. Coupang is headquartered in Seoul, South Korea, in the Songpa-gu District. Coupang also has offices in Beiji ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WeWork
WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2021, the company operated of space, including in the United States and Canada, in 756 locations in 38 countries, and had 590,000 members, with a weighted average commitment term of 20 months. The company gained mainstream media attention in 2019 with its failed initial public offering (IPO) of company stock. ''The Wall Street Journal'' noted that upon the release of its public company, public prospectus in August 2019, the company was "besieged with criticism over its governance, business model, and ability to turn a profit". In September 2019, following mounting pressure from investors based on disclosures WeWork had made in its Form S-1, S-1 filing for the IPO, company co-founder Adam Neumann resigned from his position as CEO and gave up majority voting control in WeWork. Amid growing investor concerns over its corporate govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elliott Management
Elliott Investment Management is an American investment management firm. It is also one of the largest activist funds in the world. It is the management affiliate of American hedge funds Elliott Associates L.P. and Elliott International Limited. The Elliott Corporation was founded by Paul Singer, who is CEO of the management company, based in New York City. As of the first quarter of 2015, Elliott's portfolio is worth over $8 billion. By 2009 "more than one-third of Elliott’s portfolio was concentrated in distressed securities, typically in the debt of bankrupt or near-bankrupt companies." In October 2020 Singer announced that his firm was relocating its headquarters to West Palm Beach, Florida. Overview Singer created Elliott Associates in January 1977, starting with $1.3 million from friends and family and choosing the Elliott brand as it is his middle name. In its earliest years, the firm focused on convertible arbitrage. Since the 1987 stock market crash and early 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zume
Zume, Inc. is an American manufacturing-technology company headquartered in Camarillo, California. Founded in 2015 as an automated food delivery company, in 2020 the company shifted to food packaging and delivery logistics. History Zume was founded in 2015 as Zume Pizza by Chairman and CEO Alex Garden and Julia Collins. In 2016, it raised $6 million in Series A investment funding from Jerry Yang and SignalFire, a venture capital firm. Zume's initial business proposition was the automated production and delivery of pizza, which would largely be made by robots and cooked en route to customers. In September 2016, it delivered its first pizzas. They were cooked in a van equipped with 56 GPS-equipped automated ovens, timed to be ready shortly before arrival at the address, and then sliced by a self-cleaning robot cutter. The pizza preparation process was partly automated by November 2016. The company secured a patent on cooking during delivery, which included algorithms to pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Katerra
Katerra was an American technology-driven off-site construction company. It was founded in 2015 by Michael Marks, former CEO of Flextronics and former Tesla interim CEO, along with Fritz Wolff, the executive chairman of The Wolff Co. Katerra was listed on LinkedIn's "Top Startup Companies" to work for in 2017. In May 2020, it was announced that as a part of an additional $200 million raise, COO and former Schlumberger CEO Paal Kibsgaard would take over from Michael Marks as CEO of Katerra in June. Some of its independent assets in other regions, including the Middle East would continue to exist as independent entity. In June 2021, Katerra announced plans to shut down, laying off remaining employees without paying out earned personal time off or severance. Operations The company was founded in 2015. In January 2018, Katerra took an $835 million investment from Softbank. The investment was made from the Vision Fund. The company manufactured large building components off-site, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rappi
Rappi is a Colombian multivertical company headquartered in Bogotá, Colombia, and with main offices in São Paulo and Mexico City. It was founded in 2015 by Simón Borrero, Sebastian Mejía, Felipe Villamarín and Guillermo Plaza. History Rappi was founded in 2015 by three Colombian entrepreneurs: Simón Borrero, Felipe Villamarin and Sebastián Mejía. Rappi entered Y Combinator's Winter 2016 batch, generating additional investment. In August 2018, the company raised another $200 million in funding. SoftBank became a major stakeholder in Rappi in April 2019 with a $1 billion investment that valued Rappi at $3.5 billion. In June 2020, during the COVID-19 pandemic in Latin America, Rappi announced in a live event within the application, that live events could be held in the application as well as announcing the creation of 3 additional divisions in this company such as games, live sales and music. In January 2019, Borrero, Villamarin, and Mejía were listed as part of ''Bl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oyo Rooms
OYO Rooms (stylised as OYO), also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries, including India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, and the United States. The company's investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. History In 2012, Ritesh Agarwal launched Oravel Stays to enable listing and booking of budget accommodations; he renamed the firm to OYO in 2013. OYO partnered with hotels to give similar guest experience across cities. Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Getaround
Getaround is an online car sharing or peer-to-peer carsharing service that connects drivers who need to reserve cars with car owners who share their cars in exchange for payment. As of 2019, the company was reported to have five million users and approximately 20,000 connected cars worldwide. Getaround launched to the public on May 24, 2011 at the TechCrunch Disrupt conference. The company operates in Boston, Chicago, San Francisco Bay Area, New Jersey, Portland, Seattle, Philadelphia, Miami, Atlanta, San Diego, Los Angeles, Denver, and Washington D.C. History Getaround was founded in 2009 by Sam Zaid, Jessica Scorpio, and Elliot Kroo. In May 2011, Getaround won the TechCrunch Disrupt New York competition. In 2012, Getaround began serving Portland, Oregon with the aid of a $1.725 million grant from the Federal Highway Administration. In November 2016, Getaround reached an agreement with City CarShare to take over its fleet, parking spaces and member base. In August 2018, Ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Investment Corporation Of National Bank Of Kazakhstan
National Investment Corporation of the National Bank of Kazakhstan (NIC) was established in October 2012 to preserve and enhance the long-term purchasing power of Kazakhstan’s foreign exchange reserves and of the National Fund through investments in less liquid high yielding asset classes. NIC manages assets entrusted by the National Bank of Kazakhstan. NIC invests in private equity, hedge funds, real estate and infrastructure through external managers and has signed up to the Santiago Principles on best practice in managing sovereign wealth funds. In order to achieve its goals the NIC will invest in alternative asset classes in the international financial markets with investment horizon of 10–20 years, and other types of activities involving trust asset management. History NIC was established under the initiative of the Governor of National Bank of Kazakhstan and under the agreement of the President of the Republic of Kazakhstan. It is a 100% subsidiary of the National B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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