It's going to be a good year for Sony Corp.Analysts have been saying it, traders have been saying it, and now finally the company itself on Friday said it. Although Sony's operating income forecast for the year through March 2018 was slightly below analysts' estimates (500 billion yen, or about $4.5 billion, versus 507 billion yen), there's a sense that the company may be low-balling the numbers so it can give investors an upward revision later in the year.
Son is a master salesman and looks once again to have had his way. We shouldn't be surprised: This is a man who convinced the Saudi Arabian government to part with $45 billion for his SoftBank Vision Fund based on what appears to be not much more than a vision for the future. It also comes amid SoftBank's plan to lead a $1.5 billion round of funding for Grab, the Singapore-based ride-hailing service in which it's previously invested.
Taipei: Less than a year after raising almost $3 billion, Chinese ride-hailing giant Didi Chuxing is on the cusp of adding a further $5 billion or more to its arsenal, Bloomberg’s Lulu Chen and Peter Elstrom report. Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company as it is the startup passing around a begging bowl.