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Mao Daqing, founder and CEO of Ucommune, previously known as Ur work.

WeWork’s $3 billion Sequoia-backed Chinese rival is reportedly eyeing a 2020 IPO in the US

Ucommune is reportedly looking to raise $200 million in a US IPO as it tries to compete with WeWork in highly-stylized communal office spaces.
WeWork CEO Adam Neumann.

WeWork isn’t even close to being profitable — it loses $219,000 every hour of every day

As WeWork gears up for an IPO, it's going to have to get investors focusing on its massive growth — not its staggering losses.

SoftBank hasn’t paid e-commerce startup Brandless $100 million of its investment, and there are conflicting stories about what’s going on,...

SoftBank reportedly invested $200 million in Brandless in 2018, but it may not pay the full investment if the company doesn't meet certain financial targets.
Gordon Smith, JPMorgan

Wall Street’s ‘inflection point,’ the Vision Fund’s power players, and secret messages

Citigroup CEO Michael Corbat recently said his firm reached a turning point last year in which its $8 billion tech budget started to pay off.
Masayoshi Son is the founder and CEO of Japanese holding company SoftBank.

Meet Masayoshi Son, the billionaire founder of SoftBank and one of the richest men in Japan, who has a $16.3 billion fortune and owns a $117.5 million...

Masayoshi Son is the founder and CEO of Japanese holding company SoftBank, which invests millions in some of Silicon Valley's biggest tech companies.

Meet the power players at the SoftBank Vision Fund, who are writing checks for billions of dollars and upending the technology business

Softbank's Vision Fund has set out to find the tech stars of tomorrow today. The $100 billion mega fund drew astonishment, acclaim, and scorn upon its launch in 2017.
SoftBank Chairman and CEO Masayoshi Son.

SoftBank is trying to raise another monster $100 billion fund, but it’s reportedly having trouble finding investors

SoftBank said that the idea the firm is having a hard time raising money for Vision Fund II is "misleading and even inaccurate."
SoFi CEO Anthony Noto.

Fintech startup SoFi is reportedly in talks to raise $500 million from Qatar, but won’t gain any value from 2017

SoFi, which raised $1 billion from SoftBank in 2015, would be valued at the same price as in 2017, according to the report.
FILE PHOTO: A man walks past the Wirecard booth at the computer games fair Gamescom in Cologne, Germany, August 22, 2018.

Wirecard spikes on report SoftBank is considering an investment

Wirecard spikes after report says SoftBank is considering an investment. The company had previously been targeted by short-sellers.
Masayoshi Son, chairman and chief executive officer of SoftBank Corp speaks during the news conference on June 18, 2015 in Chiba, Japan.

SoftBank founder Masayoshi Son reportedly blew $130 million in a bitcoin bet gone wrong after failing to heed Warren Buffett’s advice

SoftBank founder Masayoshi Son reportedly blew $130 million on bitcoin bet, failing to listen to Warren Buffet's famed advice.