SoftBank”s Masa Son Reports Record Loss In “Depressing” Press Conference, Admits “Shame” At Being “Elated” By Bubbles

Monday, 8 August 2022, 17:11:08
SoftBank”s Masa Son Reports Record Loss In “Depressing” Press Conference, Admits “Shame” At Being “Elated” By Bubbles Back in 2019, around the time it was creating laughable charts such as this one… …. and this… … we asked if Japan”s SoftBank was the Bubble era”s ” short of the century ” (and if, by extension, Masa Son was this generation”s biggest financial charlatan). Well, three years later, and one remarkable “bubble -bust” cycle later which has seen the stock go nowhere in three years despite having 16 buy ratings, 3 holds and 0 sells … … that question is as pressing as ever, after this morning SoftBank posted a record loss for the second straight quarter as market turmoil further spread across its portfolio of technology stocks . In an unusually downbeat press conference, which even the world”s most overhyped investor, Masayoshi Son, described as “depressing”, the SoftBank CEO admitted that his famously aggressive global investment strategy should have been more selective, and said he was “ashamed of myself for being so elated by big profits in the past” – which of course is a euphemism for ”bubbles”, since none of SoftBank”s stocks are actually, you know, profitable – and said he will will undertake “significant cost reductions” at the Vision Fund including layoffs.
— Zero Hedge

Alibaba Cloud Looks To Tap New Customers In “Sunrise” Industries As Big Internet Companies Reach Market Saturation

Monday, 8 August 2022, 16:50:16
Alibaba Group Holding Limited”s (NYSE: BABA ) cloud operation thinks it”s reached market saturation among China”s big internet companies, the Register reports . However, Alibaba Cloud saw a new wave of demand from industrial outfits and looked to chase new customers in “sunrise” industries. Alibaba Cloud also aims to build proprietary technology capabilities “in key areas such as computing, big data and artificial intelligence” to create a unique selling proposition and … Full story available on Benzinga.com
— Benzinga

Climate change: Alibaba launches tool to encourage low-carbon living on its Taobao shopping app

Monday, 8 August 2022, 13:00:19
The e-commerce giant launched a ‘carbon ledger platform’ on its Taobao app to help consumers adopt a more environmentally friendly lifestyle.
— South China Morning Post

Alibaba launches tool to encourage low-carbon living on shopping app

Monday, 8 August 2022, 13:00:19
The e-commerce giant launched a ‘carbon ledger platform’ on its Taobao app to help consumers adopt a more environmentally friendly lifestyle.
— South China Morning Post

Alibaba Has 2 Catalysts, Look Beyond The Headlines

Monday, 8 August 2022, 09:41:02
No summary available.
— Seeking Alpha