DOCSLIB.ORG

The Golden Goose? TRS Illinois on Co-Invest, Separate Accounts Softbank Brings Its Midas Touch to Asia’S Leading Technology Start-Ups Page 7 Page 15

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Golden Goose? TRS Illinois on Co-Invest, Separate Accounts Softbank Brings Its Midas Touch to Asia’S Leading Technology Start-Ups Page 7 Page 15 Asia’s Private Equity News Source avcj.com January 27 2015 Volume 28 Number 04 EDITOR’S VIEWPOINT Singapore’s VC drive continues unabated Page 3 NEWS Bain, Blackstone, Capital Today, Creador, Darby, Hosen, IFC, L Capital, Saratoga, Temasek Page 4 DEAL OF THE WEEK Goldman backs Antuit in big data expansion drive Page 12 ClearVue finds an angle in cross-border cosmetics Page 13 FUNDS Banyan races to a finish on second China VC fund Page 13 LP INTERVIEW The golden goose? TRS Illinois on co-invest, separate accounts SoftBank brings its Midas touch to Asia’s leading technology start-ups Page 7 Page 15 FOCUS DEAL OF THE WEEK A question of clarity Paying a premium China set to remove uncertainty over VIEs Page 11 Later-stage players bet big on Meituan Page 12 12th Annual Private Equity & Venture Forum Australia & New Zealand 2015 4-6 March • The Westin Sydney REDISCOVERING THE OPPORTUNITIES IN PRIVATE MARKETS CHANCELAST Senior industry professionals confirmed to speak include: TO Offer expires on Friday Marcus Simpson John Haddock US$200 Head of Global Private Equity Managing Director and SAVE QIC Chief Executive Officer CHAMP PRIVATE EQUITY Neil Stanford David Simons Investment Manager - Director, Private Equity Private Equity FUTURE FUND HOSTPLUS Natalie Meyenn Klaus Bjørn Rühne Ben Frewin Head of Private Equity Partner Managing Director MLC ATP PEP ARCHER CAPITAL Tim Martin Jessica Archibald Clive Boyce Partner Managing Director Investment Manager CRESCENT CAPITAL TOP TIER CAPITAL PARTNERS FUNDS SA PARTNERS Benjamin C. Gray Simon C. Moore Michael Weaver Managing Partner Managing Director Manager, Private Markets TPG CAPITAL THE CARLYLE GROUP SUNSUPER PTY LTD Padmanabh (Paddy) Sinha Robert Credaro Steve Martinez Managing Partner, Head of Growth Assets Head of Asia-Pacific Private Equity FIRST STATE SUPER Snr. Partner, Private Equity TATA CAPITAL APOLLO MANAGEMENT, L.P. For the latest programme and speaker line-up, visit avcjausnz.com Registration: Carolyn Law T: +852 3411 4837 E: [email protected] Sponsorship: Darryl Mag T: +852 3411 4919 E: [email protected] Enquiry Co-Sponsors Supporting Organisations Media Partners Join your peers Scan this QR code with your mobile phone to review avcjausnz.com #avcjausnz the event latest updates 12th Annual Private Equity & Venture Forum EDITOR’S VIEWPOINT Australia & [email protected] New Zealand 2015 Managing Editor 4-6 March • The Westin Sydney Tim Burroughs (852) 3411 4909 Staff Writers Andrew Woodman (852) 3411 4852 Start-up central Winnie Liu (852) 3411 4907 Creative Director Dicky Tang Designers Catherine Chau, Edith Leung, Mansfield Hor, Tony Chow Senior Research Manager WHEN LOOKING FOR AN EXAMPLE OF for several start-ups in the tier below. Helen Lee how Singapore start-ups previously struggled Despite this success, the various agencies Research Associates to get funding, one of the founders of tenCube tasked with turning Singapore into a technology Herbert Yum, Jason Chong, Kaho Mak REDISCOVERING THE OPPORTUNITIES IN PRIVATE MARKETS was happy to oblige. Bootstrapped into existence hub are not easing up. This week saw the official CHANCELAST in 2005, the mobile security solutions provider opening of an expanded JTC LaunchPad @ one- Senior Marketing Manager Sally Yip Senior industry professionals confirmed to speak include: TO spent a frustrating 18 months trying and failing north – the local start-up cluster better known Circulation Administrator Marcus Simpson John Haddock Offer expires on Friday US$200SAVE to raise capital. to many as Block 71. It has been expanded to Prudence Lau Head of Global Private Equity Managing Director and Darius Cheung recalled meeting with about accommodate 500 companies and 35 incubators, Subscription Sales Executive QIC Chief Executive Officer 50 investors but only five could write checks of with plans to create space for 250 more. The Jade Chan CHAMP PRIVATE EQUITY the size tenCube was looking for. The company Infocomm Development Authority of Singapore Manager, Delegate Sales eventually received some informal seed funding (IDA) has also launched initiatives to help local Pauline Chen Neil Stanford David Simons and then a formal seed round in 2010 from the start-ups enter Europe and the US. Investment Manager - Director, Private Equity Director, Business Development Private Equity FUTURE FUND government-backed Spring Seeds initiative and Finally, the Singapore Exchange has teamed Darryl Mag India-based One 97 Communications. Later that up with Clearbridge Accelerator to create a HOSTPLUS Manager, Business Development year it was sold to McAfee. capital-raising platform for small- and medium- Anil Nathani, Samuel Lau Natalie Meyenn Klaus Bjørn Rühne Ben Frewin Five years on from that exit, Cheung is sized enterprises (SMEs) in Asia. Full details have Sales Coordinator Head of Private Equity Partner Managing Director running Singapore-based property website yet to emerge but platform should present start- Debbie Koo MLC ATP PEP ARCHER CAPITAL 99.co, which received initial funding from several ups with another source of funding. investors. He claims there is now too much seed A number of industry participants now argue Conference Managers Jonathon Cohen, Sarah Doyle, capital chasing start-ups in Singapore. that Singapore has reached critical mass: there Tim Martin Jessica Archibald Clive Boyce Conference Administrator Twelve months ago the concern was that is sufficient momentum in the market that the Amelie Poon Partner Managing Director Investment Manager there were insufficient Series A investors to ecosystem can be self-sustaining. This suggests Conference Coordinator CRESCENT CAPITAL TOP TIER CAPITAL PARTNERS FUNDS SA the government no longer needs to play such a Fiona Keung, Jovial Chung PARTNERS take these start-ups from revenue generative to profitable. In this area, too, Cheung sees progress. forthright role as initiator, but the reality is more Publishing Director Benjamin C. Gray Simon C. Moore Michael Weaver He estimates there is $150-200 million available nuanced. Rather than throw money directly at an Allen Lee Managing Partner Managing Director Manager, Private Markets for Series A investments, with most companies issue, there are calls for capital to be directed at TPG CAPITAL THE CARLYLE GROUP SUNSUPER PTY LTD worth backing now able to get VC support. the infrastructure surrounding it. Some programs The momentum Singapore has achieved is are already focused on this; in other areas more the result of government initiatives and private can be done. Incisive Media Padmanabh (Paddy) Sinha Robert Credaro Steve Martinez Unit 1401 Devon House, Taikoo Place sector participation. Lacking a decent pipeline It is not just about providing affordable 979 King’s Road, Quarry Bay, Managing Partner, Head of Growth Assets Head of Asia-Pacific of start-ups in which VCs could invest, the premises, but also reasonable immigration Hong Kong Snr. Partner, Private Equity T. (852) 3411-4900 Private Equity FIRST STATE SUPER Technology Incubation Scheme (TIS) was put legislation (so that talent can come into TATA CAPITAL APOLLO MANAGEMENT, L.P. F. (852) 3411-4999 in place to support early-stage investors. Other Singapore), better access to international E. [email protected] URL. avcj.com For the latest programme and speaker line-up, visit avcjausnz.com programs were also introduced, while at the networks (so that ideas can get out and same time angel investors and private sector achieve scale), and a deeper appreciation of the Beijing Representative Office No.1-2-(2)-B-A554, 1st Building, Registration: Carolyn Law T: +852 3411 4837 E: [email protected] incubators began to proliferate. Similarly, the economic contribution made by independent No.66 Nanshatan, Chaoyang District, Beijing, Sponsorship: Darryl Mag T: +852 3411 4919 E: [email protected] Enquiry Series A gap has been filled by a combination innovation (so that people are willing to do People’s Republic of China of reconfigured existing programs – such as the it in the first place). While hard infrastructure T. (86) 10 5869 6203 F. (86) 10 5869 6205 Co-Sponsors Early Stage Venture Fund (ESVF) initiative – and can be built in a matter of months, it must be E. [email protected] greater interest from overseas investors. complemented by less tangible qualities that can Rakuten’s $200 million acquisition of take years to bed down. Singapore-headquartered video-streaming site By making it easier for entrepreneurs to The Publisher reserves all rights herein. Reproduction in whole or Viki in 2013 and Seek’s purchase of Jobstreet do business more people will want to be in part is permitted only with the written consent of AVCJ Group Limited. for over $500 million in 2014 remain by some entrepreneurs. ISSN 1817-1648 Copyright © 2015 distance the biggest exits. However, GrabTaxi (a taxi-booking platform founded in Malaysia but Supporting Organisations Media Partners now headquartered in Singapore) and Razer (a gaming peripherals business based in the US Tim Burroughs but founded by a Singaporean) now command Managing Editor valuations of $1 billion and there are high hopes Asian Venture Capital Journal Join your peers Scan this QR code with your mobile phone to review avcjausnz.com #avcjausnz the event latest updates Number 04 | Volume 28 | January 27 2015 | avcj.com 3 NEWS GREATER CHINA Talent shortages, financing JD Capital invests in online issues hinder China buyouts finance site 91Wutong Bain completes exit from Buyout transaction value in China is 10 times JD Capital, Tongxin Securities Direct Investment larger than nine years ago, but executing deals and Shenzhen Jidi Xintian Venture Capital have China’s Gome is still challenging in terms of getting financing invested in a Series A round for 91Wutng, a Bain Capital has made a full exit from Chinese and placing the right operational expertise with Chinese online finance platform. The company retailer Gome Electrical Appliances Holding after portfolio companies. focuses on high net worth individuals and selling its remaining shares for about HK$1.06 “There are two main focuses for the buyout institutional investors that are looking to buy billion ($137 million).
Load more

Recommended publications
  • Annual Report 2016
    SoftBank Group Corp. ANNUAL REPORT 2016 Corporate Philosophy Information Revolution – Happiness for everyone Vision The corporate group needed most by people around the world SoftBank Group Corp. ANNUAL REPORT 2016 001 A History of Challenges A History of Challenges The view is different when you challenge yourself Continuing to take on new challenges and embrace change without fear. Driving business forward through exhaustive debate. This is the SoftBank Group’s DNA. SoftBank Group Corp. ANNUAL REPORT 2016 002 A History of Challenges Established SoftBank Japan. 1981 Commenced operations as a distributor of packaged software. 1982 Entered the publishing business. Launched Oh! PC and Oh! MZ, monthly magazines introducing PCs and software by manufacturer. 1994 Acquired events division from Ziff Communications Company of the U.S. through SoftBank Holdings Inc. 1996 Acquired Ziff-Davis Publishing Company, U.S. publisher of PC WEEK magazine and provider of leading-edge information on the PC industry. SoftBank Group Corp. ANNUAL REPORT 2016 003 A History of Challenges Established Yahoo Japan through joint investment with Yahoo! Inc. in the U.S. 1996 Began to develop into an Internet company at full scale. Yahoo Japan Net income* 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 FY (Note) Accounting standard: JGAAP up to fiscal 2012; IFRSs from fiscal 2013 onward. * Net income attributable to owners of the parent. SoftBank Group Corp. ANNUAL REPORT 2016 004 A History of Challenges Made full-scale entry into the telecommunications business. 2000s Contributed to faster, more affordable telecommunications services in Japan.
    [Show full text]
  • Leading Indonesian Online Marketplace Tokopedia Secures $100 Million Investment from Softbank Internet and Media and Sequoia Capital
    October 22, 2014 PT Tokopedia SoftBank Internet and Media, Inc. Sequoia Capital Leading Indonesian Online Marketplace Tokopedia Secures $100 Million Investment from SoftBank Internet and Media and Sequoia Capital Jakarta, Indonesia, San Carlos, CA, and Menlo Park, CA, October 22, 2014 — PT Tokopedia (“Tokopedia”), an online marketplace leader in Indonesia, SoftBank Internet and Media, Inc. (“SIMI”) and Sequoia Capital today announced a definitive agreement between SoftBank Corp. (“SoftBank”) and Tokopedia, among others, under which SIMI is expected to lead a financing round of approximately $100 million, with participation from Sequoia Capital and existing shareholder SB Pan Asia Fund. With this round of funding, SIMI and Sequoia Capital representatives will join the company’s board of directors. Founded in 2009, Tokopedia has grown rapidly to become Indonesia’s leading online marketplace. With this new capital, Tokopedia will focus on customer acquisition, hiring, and other initiatives to further strengthen its position as the No. 1 marketplace destination in Indonesia. By partnering with Tokopedia, SoftBank aims to further build its presence towards becoming the No. 1 Internet company in Asia and accelerate business growth by leveraging synergies with its other group Internet companies. William Tanuwijaya, CEO of Tokopedia said, “I’m very excited to welcome SIMI and Sequoia Capital as our new shareholders. I look forward to learning from them and taking Tokopedia to the next level. With this new round, Tokopedia will have enough resources to form the best team, develop world class technology to help our merchants and bring the best commerce experience to our users. We will always prioritize our users, and focus on making our users more successful.
    [Show full text]
  • Softbank Corp. Annual Report 2019 Softbank Corp
    SoftBank Corp. Annual Report 2019 SoftBank Corp. We don’t just dream. We make things happen. We’re going beyond just being a carrier — we’re transforming into a visionary platformer. We don’t just dream up things. We take the world’s advanced ideas, and turn them into reality with our drive to make things happen. We do this so tomorrow’s people will be the happiest in human history. SoftBank Corp. ANNUAL REPORT 2019 1 Introducing Our First Annual Report SoftBank Group Corporate Philosophy Ken Miyauchi President & CEO Information Revolution SoftBank Corp. — Happiness for Everyone In December 2018, SoftBank Corp. (the “Company” or “SoftBank”) of this technological evolution, SoftBank has expanded its business listed its shares on the First Section of the Tokyo Stock Exchange. scale in step with society’s growth. The second is our ability to grow I would like to begin by expressing my sincere gratitude to our businesses. We have expanded our business operations by bringing shareholders, investors, and other stakeholders for their support together and regenerating companies in crisis, including JAPAN to date. TELECOM CO., LTD., Vodafone K.K., WILLCOM, Inc., and eAccess Ltd. The third is our ability to overcome adverse environments. In its role as a strategic holding company, our parent company Sometimes, we have faced headwinds, but we have always taken SoftBank Group Corp. (“SoftBank Group”). is accelerating the pace on adverse situations directly, focused on self-improvement, and of global investment in accordance with the Cluster of No. 1 AI thereby achieved further growth. Strategy. Meanwhile, as the primary operating company in Japan With a view to communicating our growth strategy and related and with the telecommunications business at its core, SoftBank is initiatives more clearly, we have issued our first annual report, Since our founding, the SoftBank Group has sought to use the engaging in a wide range of businesses.
    [Show full text]
  • IJIR Paper Template
    Imperial Journal of Interdisciplinary Research (IJIR) Vol-2, Issue-7, 2016 ISSN: 2454-1362, http://www.onlinejournal.in Are Television and Print media, a high Impact Campaign for E-Commerce Marketing? Mrs. Harshini C S & Dr. Venugopal Research Scholar, Bangalore University, Bangalore Guide/Principal, Government First Grade College, Kanakapura, Bangalore Abstract: Today’s consumers hop from screen to Introduction screen according to their needs of the moment. They don’t give a thought to what “channel” they are Ever since the first display advertisements appeared using to interact with brands, they simply expect on computer screen, the Internet’s challenge over brands to keep up. Newspapers and Television existing advertising has been the ability to target the continues to play a big role in driving sales for E- audience more precisely and measure the impact of commerce clients. TV Attribution not only offers a the advertisements. Although traditional media still new and immediate view of mass media impact, it holds strong ground in the Indian ad space, digital allows people to create more cross-channel synergy. advertising is catching up fast and is expected to Today’s consumers want immediate gratification and overtake traditional media within the next 5-10 years. have high expectations for the brands they pursue. In addition to the increasing adoption of mobile With an increase in internet penetration, more and devices, the increasing connectivity and more marketers are using online advertising improvements in broadband infrastructure will lead business. Traditional advertisers have started to increased investments in more content rich, video allocating more of their marketing budgets to the and social media advertisements.
    [Show full text]
  • Dreamfever Pdf Free Download
    DREAMFEVER PDF, EPUB, EBOOK Karen Marie Moning | 528 pages | 30 Dec 2011 | Orion Publishing Co | 9780575108561 | English | London, United Kingdom Dreamfever PDF Book And let me tell you, they're anything but conventional. I hope it hurts like hell. May 24, Cherie rated it liked it. The biggest surprise was definitely Feodor. I loved Mac and her bravery, I was there with her as she struggles with herself, her distant, vague recollections, her struggles with memory, her amnesia, her inexplicable distress at hearing the word "sister. Abandon all sanity ye who enter here. MacKayla Lane lies naked on the cold stone floor of a church, at the mercy of the erotic Fae master she once swore to kill. I don't like to write bad reviews because I know it's a lot of work to write a book, but I won't lie and say I liked it. I never thought I'd love a series that dea First of all I want to say thank you to Kit Alloway for writing this amazing series, second to Goodreads for letting me have a chance to read this sequel via Giveaways at to Griffin Books. Even ones about Death. HD videos on the site have subtitles built in. Certain things I didn't expect and certain moments had me extremely hooked at the edge of my seat. Additional resources on North American television. Feb 18, Kelly Knapp rated it really liked it Recommends it for: young adults, fantasy lovers. The story picks up were we left off in Faefever, so these books absolutely need to be read in order.
    [Show full text]
  • The Indian E-Commerce Euphoria- a Bubble About to Burst?
    IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 17, Issue 12 .Ver. I (Dec. 2015), PP 17-21 www.iosrjournals.org The Indian e-Commerce Euphoria- A bubble about to burst? 1Priya Chaudhary, 2Ritika Sharma 1,2M.com (Dept. of commerce),DU M.com (Dept. of commerce),DU Abstract: The Indian e-commerce is making news every day- from festive season sales, deep discounts to another round of VC funding. The sector is gaining momentum more than ever. Even the government is supportive of the increased pace of startups. Prime Minister NarendraModi announced a new campaign "Start- up India, Stand up India" to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation. The big techies of the world such as Google, Microsoft, Facebook, and Qualcomm have offered support to India in its transformation into a digitally empowered society, knowledge economy & a very high penetration of internet. This paper deals with the pattern of VC funding in Indian e-commerce sphere& brings to light the problems in operational areas in e-commerce companies. The mad rush in VC funding, mounting losses & increased valuations of e commerce giants raises possibilities of an e-commerce bubble in India, similar to the dot-com bubble abroad. Keywords:e-commerce bubble, Venture capitalists, Startups, Entrepreneurship I. Introduction Indian internet user base is about 354 million people as of June, 2015, with about 6 million people being added to the user base every month. The vast potential in the online purchasing market can be gauged from the fact that it went up to $12.6 billion in 2013 from $3.8 billion in 2009.
    [Show full text]
  • Technology, Media and Telecommunications Review – Japan
    The Technology, Media and Telecommunications Review Sixth Edition Editor John P Janka Law Business Research The Technology, Media and Telecommunications Review The Technology, Media and Telecommunications Review Reproduced with permission from Law Business Research Ltd. This article was first published in The Technology, Media and Telecommunications Review - Edition 6 (published in November 2015 – editor John Janka) For further information please email [email protected] The Technology, Media and Telecommunications Review Sixth Edition Editor John P Janka Law Business Research Ltd PUBLISHER Gideon Roberton SENIOR BUSINESS DEVELOPMENT MANAGER Nick Barette SENIOR ACCOUNT MANAGERS Katherine Jablonowska, Thomas Lee, Felicity Bown, Joel Woods ACCOUNT MANAGER Jessica Parsons PUBLISHING MANAGER Lucy Brewer MARKETING ASSISTANT Rebecca Mogridge EDITORIAL ASSISTANT Sophie Arkell HEAD OF PRODUCTION Adam Myers PRODUCTION EDITOR Anne Borthwick SUBEDITOR Caroline Herbert MANAGING DIRECTOR Richard Davey Published in the United Kingdom by Law Business Research Ltd, London 87 Lancaster Road, London, W11 1QQ, UK © 2015 Law Business Research Ltd www.TheLawReviews.co.uk No photocopying: copyright licences do not apply. The information provided in this publication is general and may not apply in a specific situation, nor does it necessarily represent the views of authors’ firms or their clients. Legal advice should always be sought before taking any legal action based on the information provided. The publishers accept no responsibility for any acts
    [Show full text]
  • Exploring the Payments Landscape in Asia the Essential Guide for E-Commerce Businesses
    EXPLORING THE PAYMENTS LANDSCAPE IN ASIA THE ESSENTIAL GUIDE FOR E-COMMERCE BUSINESSES Looking to expand to Asia? Here is everything you need to know about e-commerce in India, Vietnam and Indonesia Exploring Payments Landscape in Asia 1 CONTENTS Introduction ................................................ 3 India ........................................................... 4 Vietnam ...................................................... 8 Indonesia .................................................. 11 Payment solutions .................................... 14 Exploring Payments Landscape in Asia 2 INTRODUCTION The evolution of e-commerce has revolutionised business forever. Now, just about anyone can set up a business, tapping into a potential audience of billions of people from just about anywhere in the world. But as online businesses multiply, so too do the challenges presented by providing customers with familiar payment solutions. This is perhaps most evident when businesses scale into emerging ‘unbanked’ economies with complex regulations and a dizzying number of payment options. BI Intelligence forecasts significant growth in mobile payments made at the POS. They expect mobile POS payments to increase at a 40% five-year compound annual growth rate (CAGR) to hit $128 billion in 2021 from $24 billion in 2016. P2P payments and mobile banking apps were cited as catalysts for moving in a cashless direction. Digital imaging is being deployed at scale to make new payment options such as mobile wallets secure. The need to understand the current fragmented landscape is clear for businesses eyeing opportunities in Asia. But perhaps as pertinent is the importance of understanding the political and commercial drivers that have set in train this progressive change. In understanding more about the history, e-commerce businesses can find clues about what’s around the corner, giving them the all- important upper hand – or at least putting them on a level playing field with the domestic competition.
    [Show full text]
  • Earnings Results for the 6-Month Period Ended September 30, 2018
    Earnings Results for the 6-month Period ended September 30, 2018 November 5, 2018 IMPORTANT INFORMATION This presentation (this “Presentation”) is furnished to you as an investor in SoftBank Group Corp. (“SoftBank”) and is not, and may not be relied on in any manner as, legal, tax, investment, accounting or other advice or as an offer to sell or a solicitation of an offer to buy limited partnership or comparable limited liability equity interests in SoftBank Vision Fund L.P. (together with, as the context may require, any parallel fund, feeder fund, co-investment vehicle or alternative investment vehicle, the “Fund” or “Vision Fund” or “SVF”). This Presentation is not intended to be relied upon as the basis for any investment decision, and is not, and should not be assumed to be, complete. The contents of this presentation are not to be construed as legal, business or tax advice. None of the Fund, the manager of the Fund (the “Manager” or “SBIA”), SBIA or their respective affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein and nothing contained herein should be relied upon as a promise or representation as to past or future performance of the Fund or any other entity referenced in this Presentation. Recipients of this Presentation should make their own investigations and evaluations of the information contained in this Presentation and should note that such information may change materially. References to any specific investments of the Fund, to the extent included herein, are presented to illustrate the Manager’s investment process and operating philosophy only and should not be construed as a recommendation of any particular investment or security.
    [Show full text]
  • ANNUAL REPORT 2019 Softbank Group Corp
    ANNUAL REPORT 2019 SoftBank Group Corp. ANNUAL REPORT 2019 Disclaimers to be correct, and actual results, performance or achievements could User Guide materially differ from expectations. Persons viewing this annual report • This annual report provides relevant information about the Group and This PDF has various features to make it easy to use and to search for should not place undue reliance on forward-looking statements. We does not constitute or form any solicitation of investment including any information. It also contains links to external websites to allow you to undertake no obligation to update any of the forward-looking statements offer to buy or subscribe for any securities in any jurisdiction. refer to external information easily. contained in this annual report or any other forward-looking statements • This annual report contains forward-looking statements, beliefs or opinions we may make. Past performance is not an indicator of future results and regarding the Group, such as statements about the Group’s future the results of the Group in this annual report may not be indicative of, and business, future position and results of operations, including estimates, Contents are not an estimate, forecast or projection of our future results. forecasts, targets and plans for the Group. Without limitation, forward- • We do not guarantee the accuracy of information in this report regarding Click to go to the first page of each category. looking statements often include the words such as “targets”, “plans”, companies (including, but not limited to, those in which SoftBank Vision SoftBank Group Corp. “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “will”, Towards the AI Era Essential Information Growth Strategy Management Organization Financial Section Corporate Information Fund has invested) other than the Group which has been quoted from ANNUAL REPORT 2019 006 “may”, “should”, “would”, “could” “anticipates”, “estimates”, “proj- public and other sources.
    [Show full text]
  • JOB/GC/101/Rev.1 28 July 2016 (16-4010) Page
    JOB/GC/101/Rev.1 28 July 2016 (16-4010) Page: 1/2 Original: English WORK PROGRAMME ON ELECTRONIC COMMERCE ELECTRONIC COMMERCE AND DEVELOPMENT Non-paper from Colombia; Costa Rica; Hong Kong, China; Israel; Malaysia; Mexico; Nigeria; Pakistan; Panama; Qatar; Seychelles; Singapore and Turkey Revision1 The following non-paper, dated 25 July 2016, is being circulated at the request of the delegation of Singapore. _______________ 1.1. E-Commerce can be and has been leveraged to support development. For one, it has made interactions between consumers and businesses much easier. E-commerce has opened up new opportunities for businesses in developing countries, especially micro, small and medium enterprises (MSMEs), by reducing the cost of doing business, and allowing them to reach a wider market. The consumer experience, whether in the areas of media and entertainment, air travel and tourism, and even taxi rides, has changed over the past few years, thanks to e-commerce. Between businesses, the digital interface allows for more efficient operations and supply chains. The data generated also allows for optimisation and innovation in their business models. All this presents a big well of untapped potential, which could boost economic growth and development in developing countries. 1.2. E-commerce is the new reality for businesses today, including in developing countries. Business to consumer e-commerce is rapidly expanding, particularly in Asia, Latin America, Africa and the Middle-East. For example, in Cambodia, Sabay.com, an online gaming company introduced Sabay Coins (which can be purchased at internet cafes) as a way for its customers to spend online.
    [Show full text]
  • Close Study of Tech Start-Ups in India Akash Yadav Abhishek Yadav Mira H
    International Journal of Computer Applications (0975 – 8887) International Conference on Leveraging Information Technology for Inter-Sectoral Research Close Study of Tech Start-Ups in India Akash Yadav Abhishek Yadav Mira H. Gohil Research Scholar, MCA Research Scholar, MCA Assistant Professor Thakur Institute of Management Thakur Institute of Management Thakur Institute of Management Studies, Career Development and Studies, Career Development and Studies,Career Development and Research (TIMSCDR) Research (TIMSCDR) Research (TIMSCDR) Mumbai, India Mumbai, India Mumbai, India ABSTRACT Billion).As we can see in the Table 1 shows the list of Indian In precise, just like the previous famous start-ups startups companies which comes in UNICORN CLUB. Google,Facebook,twitter etc. technological start-ups founded in Table 1.The above shows the unicorn club list of India’s out of India. In India, also there are very big start-ups founded startup companies. in recent year. Many of them are come in Unicorn List. These start-ups are helps India to more powerful economical country Companies Name Value Over in the world. Flipkart $15 billion Keywords Snapdeal $6.5 billion Study on tech start-up in India,tech startups in India,promising startups in India,list of different startups companies in different Ola $5 billion cities of India, list of India’s unicorn club start-ups, India’s Paytm $3.4 billion rank in tech startups. Quiker $1.5 billion 1. INTRODUCTION As we know India in fastest growing country in the world and Zomoto $1 billion India gives lots of startups during 2014-2016 and many of them Inmobi $1 billion is related to technology.
    [Show full text]