SoftBank Group News

Japan’s SoftBank Eyes Taking Stake in India Insurance Startup: Sources

SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter. The two sides are examining how the Japanese company can take a …

SoftBank Plans $400M Investment in Ping An’s Health-Care Portal: Sources

SoftBank Group Corp. is nearing a deal to invest about $400 million in Ping An Insurance (Group) Co.’s health-care portal ahead of the Chinese company’s initial public offering, people with knowledge of the matter said. The Ping An unit, known …

Lemonade Raises $120 Million Led by the SoftBank to Fund Global Expansion

Digital insurer Lemonade Inc., announced a $120 million Series C funding round led by the SoftBank Group, with participation from existing investors. The insurance company that is run by artificial intelligence and behavioral economics said it plans to use the …

SoftBank & Honda Aim to Develop Talking Cars that Read a Driver’s Emotions

On the heels of its $32 billion takeover of chip designer ARM Holdings, SoftBank Corp. founder Masayoshi Son is embarking on another “crazy idea”: talking cars that can read a driver’s emotions. The Japanese telecommunications and internet corporation said on …

So. Africa’s Discovery Enters Japan Market with Sumitomo & SoftBank Partnership

Discovery Ltd., South Africa’s third-largest insurer by market value, said it has set up a partnership with Japan’s Sumitomo Life Insurance Co. and SoftBank Group Corp. to develop and introduce products for the world’s third-largest economy. Discovery’s Vitality program, which …