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SoftBank shrinks robotics business, stops Pepper production- sources

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news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624886279,"share":"https://www.laohu8.com/m/news/1149026618?lang=&edition=full","pubTime":"2021-06-28 21:17","market":"us","language":"en","title":"SoftBank shrinks robotics business, stops Pepper production- sources","url":"https://stock-news.laohu8.com/highlight/detail?id=1149026618","media":"Reuters","summary":"TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics busine","content":"<p>TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions.</p>\n<p>Production of the humanoid Pepper, touted as the first robot with \"a heart\", was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said.</p>\n<p>Built by Foxconn(2317.TW)in China, Pepper was meant to help plug labour shortages but struggled to find a global customer base. Only 27,000 were produced, one of the sources said.</p>\n<p>The pullback reflects the fading of Chief Executive Masayoshi Son's plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.</p>\n<p>As part of the retrenchment, SoftBank plans to eliminate about half of its 330 staff positions in France in September, according to four sources and documents, cutting into the historical heart of the business, whose origins lie in SoftBank's 2012 acquisition of French robotics firm Aldebaran.</p>\n<p>Half of the staff has already been cut from smaller sales operations in the United States and Britain, three of the sources said, with employees in Japan redeployed from the robotics business. All the sources declined to be named as they are not permitted to speak to the media.</p>\n<p>In France, negotiations on layoffs are ongoing with final numbers not decided, a SoftBank spokesperson said. Staff have also been laid off in the U.S. and UK and redeployed in Japan, the spokesperson said, declining to provide further deals.</p>\n<p>SoftBank \"will continue to make significant investments in next-generation robots to serve our customers and partners,\" the French robotics business said in a statement.</p>\n<p>The job cuts in France were first reported by French business website Le Journal du Net. The broader restructuring is reported by Reuters for the first time.</p>\n<p><b>CULTURE CLASHES</b></p>\n<p>SoftBank Robotics launched the chest-high Pepper in 2014 and it became the face of the conglomerate, embodying Son's optimistic vision of a technology-powered future as he built his overseas investing operations.</p>\n<p>Behind the scenes, culture clashes between the French business and Tokyo management hurt the robot's development and its sales were impacted by its limited functionality and unreliability, the three sources said.</p>\n<p>SoftBank, which propped up Pepper sales by placing the robot in its mobile phone stores, has shifted focus to products such as cleaning robot Whiz. The French business was increasingly sidelined, the three sources said.</p>\n<p>The conglomerate has been selling assets including the majority of its stake in robotics firm Boston Dynamics as Son focuses more on investing through the Vision Fund.</p>\n<p>The 63-year-old billionaire, who made his fortune through selling mobile phones contracts and investing in startups, describes SoftBank as a \"capital provider for the information revolution.\"</p>\n<p>SoftBank retains exposure to robotics and automation technology, owning SB Logistics and with stakes in robotics firm Berkshire Grey and warehouse robotics firm AutoStore.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank shrinks robotics business, stops Pepper production- sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftBank shrinks robotics business, stops Pepper production- sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-28 21:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions.</p>\n<p>Production of the humanoid Pepper, touted as the first robot with \"a heart\", was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said.</p>\n<p>Built by Foxconn(2317.TW)in China, Pepper was meant to help plug labour shortages but struggled to find a global customer base. Only 27,000 were produced, one of the sources said.</p>\n<p>The pullback reflects the fading of Chief Executive Masayoshi Son's plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.</p>\n<p>As part of the retrenchment, SoftBank plans to eliminate about half of its 330 staff positions in France in September, according to four sources and documents, cutting into the historical heart of the business, whose origins lie in SoftBank's 2012 acquisition of French robotics firm Aldebaran.</p>\n<p>Half of the staff has already been cut from smaller sales operations in the United States and Britain, three of the sources said, with employees in Japan redeployed from the robotics business. All the sources declined to be named as they are not permitted to speak to the media.</p>\n<p>In France, negotiations on layoffs are ongoing with final numbers not decided, a SoftBank spokesperson said. Staff have also been laid off in the U.S. and UK and redeployed in Japan, the spokesperson said, declining to provide further deals.</p>\n<p>SoftBank \"will continue to make significant investments in next-generation robots to serve our customers and partners,\" the French robotics business said in a statement.</p>\n<p>The job cuts in France were first reported by French business website Le Journal du Net. The broader restructuring is reported by Reuters for the first time.</p>\n<p><b>CULTURE CLASHES</b></p>\n<p>SoftBank Robotics launched the chest-high Pepper in 2014 and it became the face of the conglomerate, embodying Son's optimistic vision of a technology-powered future as he built his overseas investing operations.</p>\n<p>Behind the scenes, culture clashes between the French business and Tokyo management hurt the robot's development and its sales were impacted by its limited functionality and unreliability, the three sources said.</p>\n<p>SoftBank, which propped up Pepper sales by placing the robot in its mobile phone stores, has shifted focus to products such as cleaning robot Whiz. The French business was increasingly sidelined, the three sources said.</p>\n<p>The conglomerate has been selling assets including the majority of its stake in robotics firm Boston Dynamics as Son focuses more on investing through the Vision Fund.</p>\n<p>The 63-year-old billionaire, who made his fortune through selling mobile phones contracts and investing in startups, describes SoftBank as a \"capital provider for the information revolution.\"</p>\n<p>SoftBank retains exposure to robotics and automation technology, owning SB Logistics and with stakes in robotics firm Berkshire Grey and warehouse robotics firm AutoStore.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SFTBY":"软银集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149026618","content_text":"TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions.\nProduction of the humanoid Pepper, touted as the first robot with \"a heart\", was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said.\nBuilt by Foxconn(2317.TW)in China, Pepper was meant to help plug labour shortages but struggled to find a global customer base. Only 27,000 were produced, one of the sources said.\nThe pullback reflects the fading of Chief Executive Masayoshi Son's plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.\nAs part of the retrenchment, SoftBank plans to eliminate about half of its 330 staff positions in France in September, according to four sources and documents, cutting into the historical heart of the business, whose origins lie in SoftBank's 2012 acquisition of French robotics firm Aldebaran.\nHalf of the staff has already been cut from smaller sales operations in the United States and Britain, three of the sources said, with employees in Japan redeployed from the robotics business. All the sources declined to be named as they are not permitted to speak to the media.\nIn France, negotiations on layoffs are ongoing with final numbers not decided, a SoftBank spokesperson said. Staff have also been laid off in the U.S. and UK and redeployed in Japan, the spokesperson said, declining to provide further deals.\nSoftBank \"will continue to make significant investments in next-generation robots to serve our customers and partners,\" the French robotics business said in a statement.\nThe job cuts in France were first reported by French business website Le Journal du Net. The broader restructuring is reported by Reuters for the first time.\nCULTURE CLASHES\nSoftBank Robotics launched the chest-high Pepper in 2014 and it became the face of the conglomerate, embodying Son's optimistic vision of a technology-powered future as he built his overseas investing operations.\nBehind the scenes, culture clashes between the French business and Tokyo management hurt the robot's development and its sales were impacted by its limited functionality and unreliability, the three sources said.\nSoftBank, which propped up Pepper sales by placing the robot in its mobile phone stores, has shifted focus to products such as cleaning robot Whiz. The French business was increasingly sidelined, the three sources said.\nThe conglomerate has been selling assets including the majority of its stake in robotics firm Boston Dynamics as Son focuses more on investing through the Vision Fund.\nThe 63-year-old billionaire, who made his fortune through selling mobile phones contracts and investing in startups, describes SoftBank as a \"capital provider for the information revolution.\"\nSoftBank retains exposure to robotics and automation technology, owning SB Logistics and with stakes in robotics firm Berkshire Grey and warehouse robotics firm AutoStore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150148421,"gmtCreate":1624890891563,"gmtModify":1703847258417,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"!&nbsp;","listText":"!&nbsp;","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150148421","repostId":"1185766271","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150152544,"gmtCreate":1624890690588,"gmtModify":1703847247266,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150152544","repostId":"1150095060","repostType":4,"repost":{"id":"1150095060","pubTimestamp":1624874134,"share":"https://www.laohu8.com/m/news/1150095060?lang=&edition=full","pubTime":"2021-06-28 17:55","market":"us","language":"en","title":"US IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1150095060","media":"Renaissance Capital","summary":"17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant $DiDi Global Inc.$.DiDi plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue more than double in the 1Q21 as its business recovered post-pandemic.New and existing investors intend to purchase $1.3 billion of the IPO.Cybersecurity platform $SentinelOne, Inc$","content":"<p>17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant<b>&nbsp;<a href=\"https://laohu8.com/S/DIDI\">DiDi Global Inc.</a>.</b></p>\n<p><b>DiDi</b>&nbsp;plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue more than double in the 1Q21 as its business recovered post-pandemic.New and existing investors intend to purchase $1.3 billion of the IPO.</p>\n<p>Cybersecurity platform&nbsp;<b><a href=\"https://laohu8.com/S/S\">SentinelOne, Inc</a></b> plans to raise $880 million at an $8.2 billion market cap. SentinelOne's Singularity Platform is an AI-powered extended detection and response platform that ingests, correlates and queries petabytes of structured and unstructured data to provide autonomous cybersecurity defense. Fast growing and unprofitable, the company had over 4,700 customers as of 4/30/21, up from 2,700 a year prior.</p>\n<p>Turkish e-commerce platform&nbsp;<b>D-MARKET Electronic Services &amp; Trading</b>(HEPS) plans to raise $681 million at a $3.9 billion market cap. Operating under the name Hepsiburada, the company connected 33 million members, 9 million Active Customers, and a base of approximately 45 thousand Active Merchants in 2020. The company is fast growing but EBITDA swung negative in the 1Q21.</p>\n<p>Doughnut brand&nbsp;<a href=\"https://laohu8.com/S/DNUT\"><b>Krispy Kreme, Inc.</a> </b>plans to raise $600 million at a $3.8 billion market cap. Krispy Kreme is an omni-channel business operating through a network of doughnut shops, partnerships with retailers, and an e-Commerce and delivery business. The company has a long track record and strong brand awareness, though its growth strategy is unproven.</p>\n<p>Legal solutions provider&nbsp;<b><a href=\"https://laohu8.com/S/LZ\">LegalZoom.com, Inc</a> </b>plans to raise $488 million at a $5.3 billion market cap. LegalZoom states that it is a leading online platform for legal and compliance solutions, claiming that 10% of new LLCs and 5% of new corporations in the US were formed via LegalZoom in 2020. Profitable on an EBITDA basis in the 1Q21, the company operates across all 50 states and over 3,000 counties in the US.</p>\n<p>Identity verification platform&nbsp;<b><a href=\"https://laohu8.com/S/YOU\">Clear Secure, Inc.</a></b> plans to raise $376 million at a $4.1 billion market cap. Clear Secure's secure identity platform uses to automate the identity verification process, with main offerings including CLEAR Plus, a consumer aviation subscription service, and two mobile apps. As of 5/31/21, Clear Secure's network included 38 airports, 26 sports and entertainment partners, and 67 Health Pass-enabled partners.</p>\n<p>Chinese grocery delivery platform&nbsp;<b><a href=\"https://laohu8.com/S/DDL\">Dingdong (Cayman) Limited</a> </b>plans to raise $343 million at a $6.0 billion market cap. With fresh groceries as its core product categories, Dingdong states that it is the fastest growing on-demand e-commerce company in China. Unprofitable with explosive growth, the company had a 10% share of the on-demand e-commerce market by GMV in 2020.</p>\n<p>SaaS solutions provider&nbsp;<b><a href=\"https://laohu8.com/S/EVCM\">EverCommerce Inc.</a></b> plans to raise $325 million at a $3.4 billion market cap. EverCommerce is a leading provider of integrated, vertically-tailored SaaS solutions for service-based SMBs. The company serves over 500,000 customers across three core verticals: Home Services, Health Services, and Fitness &amp; Wellness Services.</p>\n<p>Software provider&nbsp;<b><a href=\"https://laohu8.com/S/INTA\">Intapp, Inc.</a> </b>plans to raise $278 million at a $1.9 billion market cap. Intapp provides industry-specific, cloud-based software solutions for the professional and financial services industry globally. The company had over 1,600 clients as of March 31, 2021, and it currently has more than 20 clients with contracts greater than $1 million of ARR.</p>\n<p>Online manufacturing marketplace&nbsp;<b><a href=\"https://laohu8.com/S/XMTR\">Xometry, Inc.</a></b> plans to raise $275 million at a $1.9 billion market cap. Xometry states that it is a leading AI-enabled marketplace for on-demand manufacturing. Its buyers include businesses ranging from self-funded start-ups to Fortune 100 companies. Since its inception, over 6.0 million parts have been manufactured through Xometry's platform.</p>\n<p><b><a href=\"https://laohu8.com/S/IAS\">Integral Ad Science Holding LLC</a> </b>plans to raise $240 million at a $2.5 billion market cap. The company’s technology provides metrics designed to verify that digital ads are served to a real person, viewable on-screen, and appear in a brand-safe and suitable environment in the correct geography. Profitable on an EBIT basis, Integral Ad Science served over 2,000 customers as of 3/31/21.</p>\n<p>Plus-sized women’s apparel brand&nbsp;<b><a href=\"https://laohu8.com/S/CURV\">Torrid Holdings</a> </b>plans to raise $156 million at a $2.1 billion market cap. Torrid is the largest direct-to-consumer brand of women's plus-size apparel and intimates in North America by net sales. The profitable company markets directly to consumers via physical stores and its e-commerce platform, which represented a majority of sales in the 12 months ended 5/1/21.</p>\n<p>Alzheimer’s biotech&nbsp;<b><a href=\"https://laohu8.com/S/ABOS\">Acumen Pharmaceuticals, Inc.</a></b> plans to raise $125 million at a $607 million market cap. The company's lead candidate, ACU193, is a humanized monoclonal antibody that selectively targets amyloid-beta oligomers. ACU193 entered a Phase 1 trial in patients with mild dementia or cognitive impairment due to AD in the 2Q21, with data expected by year end 2022.</p>\n<p>Digital financial services provider&nbsp;<b>AMTD Digital</b>(<a href=\"https://laohu8.com/S/HKD\">$(HKD)$</a>) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.</p>\n<p>Drug formulation developer&nbsp;<b>Aerovate Therapeutics</b>(<a href=\"https://laohu8.com/S/AVTE\">$(AVTE)$</a>) plans to raise $100 million at a $325 million market cap. Aerovate's initial focus is on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension (PAH). The company has completed a Phase 1 study in healthy volunteers and expects to begin a Phase 2b/3 trial in PAH patients in the 2H21.</p>\n<p>Neuromodulation device provider<b>&nbsp;<a href=\"https://laohu8.com/S/CVRX\">CVRx Inc</a> </b>plans to raise $100 million at a $333 million market cap. CVRx manufactures and markets its minimally invasive neuromodulation solutions on its proprietary BAROSTIM platform. The company's states that its BAROSTEM NEO product is the first and only commercially available neuromodulation device indicated to improve symptoms for patients with heart failure with reduced ejection fraction.</p>\n<p>Belgium-listed&nbsp;<b>Nyxoah</b>(<a href=\"https://laohu8.com/S/NYXH\">$(NYXH)$</a>) plans to raise $87 million at an $803 million market cap. Nyxoah's lead product is the Genio system, a CE-marked, minimally-invasive hypoglossal neurostimulation therapy for obstructive sleep apnea. The company began generating revenue from Genio in Europe in July 2020 and is currently conducting a pivotal trial designed to support marketing authorization in the US.</p>\n<p><img src=\"https://static.tigerbbs.com/58f28d5f7f3b8e686c0bd006c2968b99\" tg-width=\"1131\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/508f1118f1d92b2b76391bc3610bd6c4\" tg-width=\"1131\" tg-height=\"657\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ed04cd42fa30b460fcf67e07efa6ddc7\" tg-width=\"1130\" tg-height=\"166\" referrerpolicy=\"no-referrer\"></p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/24/21, the Renaissance IPO Index was up 2.7% year-to-date, while the S&amp;P 500 was up 13.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 1.5% year-to-date, while the ACWX was up 10.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: DiDi makes its billion-dollar debut in a 17 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/83318/US-IPO-Week-Ahead-DiDi-makes-its-billion-dollar-debut-in-a-17-IPO-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant DiDi Global Inc..\nDiDi plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/83318/US-IPO-Week-Ahead-DiDi-makes-its-billion-dollar-debut-in-a-17-IPO-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNUT":"Krispy Kreme, Inc.","EVCM":"EverCommerce Inc.","DDL":"叮咚买菜","ABOS":"Acumen Pharmaceuticals, Inc.","IAS":"Integral Ad Science Holding","INTA":"Intapp, Inc.","S":"SentinelOne, Inc","HEPS":"D-MARKET Electronic Services & Trading","LZ":"LegalZoom.com, Inc","CURV":"Torrid Holdings","CVRX":"CVRx, Inc.","DIDI":"滴滴(已退市)","YOU":"Clear Secure, Inc.","XMTR":"Xometry, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/83318/US-IPO-Week-Ahead-DiDi-makes-its-billion-dollar-debut-in-a-17-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150095060","content_text":"17 IPOs are slated to raise $9.1 billion in this week, led by long-awaited Chinese ride-hailing giant DiDi Global Inc..\nDiDi plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue more than double in the 1Q21 as its business recovered post-pandemic.New and existing investors intend to purchase $1.3 billion of the IPO.\nCybersecurity platform SentinelOne, Inc plans to raise $880 million at an $8.2 billion market cap. SentinelOne's Singularity Platform is an AI-powered extended detection and response platform that ingests, correlates and queries petabytes of structured and unstructured data to provide autonomous cybersecurity defense. Fast growing and unprofitable, the company had over 4,700 customers as of 4/30/21, up from 2,700 a year prior.\nTurkish e-commerce platform D-MARKET Electronic Services & Trading(HEPS) plans to raise $681 million at a $3.9 billion market cap. Operating under the name Hepsiburada, the company connected 33 million members, 9 million Active Customers, and a base of approximately 45 thousand Active Merchants in 2020. The company is fast growing but EBITDA swung negative in the 1Q21.\nDoughnut brand Krispy Kreme, Inc. plans to raise $600 million at a $3.8 billion market cap. Krispy Kreme is an omni-channel business operating through a network of doughnut shops, partnerships with retailers, and an e-Commerce and delivery business. The company has a long track record and strong brand awareness, though its growth strategy is unproven.\nLegal solutions provider LegalZoom.com, Inc plans to raise $488 million at a $5.3 billion market cap. LegalZoom states that it is a leading online platform for legal and compliance solutions, claiming that 10% of new LLCs and 5% of new corporations in the US were formed via LegalZoom in 2020. Profitable on an EBITDA basis in the 1Q21, the company operates across all 50 states and over 3,000 counties in the US.\nIdentity verification platform Clear Secure, Inc. plans to raise $376 million at a $4.1 billion market cap. Clear Secure's secure identity platform uses to automate the identity verification process, with main offerings including CLEAR Plus, a consumer aviation subscription service, and two mobile apps. As of 5/31/21, Clear Secure's network included 38 airports, 26 sports and entertainment partners, and 67 Health Pass-enabled partners.\nChinese grocery delivery platform Dingdong (Cayman) Limited plans to raise $343 million at a $6.0 billion market cap. With fresh groceries as its core product categories, Dingdong states that it is the fastest growing on-demand e-commerce company in China. Unprofitable with explosive growth, the company had a 10% share of the on-demand e-commerce market by GMV in 2020.\nSaaS solutions provider EverCommerce Inc. plans to raise $325 million at a $3.4 billion market cap. EverCommerce is a leading provider of integrated, vertically-tailored SaaS solutions for service-based SMBs. The company serves over 500,000 customers across three core verticals: Home Services, Health Services, and Fitness & Wellness Services.\nSoftware provider Intapp, Inc. plans to raise $278 million at a $1.9 billion market cap. Intapp provides industry-specific, cloud-based software solutions for the professional and financial services industry globally. The company had over 1,600 clients as of March 31, 2021, and it currently has more than 20 clients with contracts greater than $1 million of ARR.\nOnline manufacturing marketplace Xometry, Inc. plans to raise $275 million at a $1.9 billion market cap. Xometry states that it is a leading AI-enabled marketplace for on-demand manufacturing. Its buyers include businesses ranging from self-funded start-ups to Fortune 100 companies. Since its inception, over 6.0 million parts have been manufactured through Xometry's platform.\nIntegral Ad Science Holding LLC plans to raise $240 million at a $2.5 billion market cap. The company’s technology provides metrics designed to verify that digital ads are served to a real person, viewable on-screen, and appear in a brand-safe and suitable environment in the correct geography. Profitable on an EBIT basis, Integral Ad Science served over 2,000 customers as of 3/31/21.\nPlus-sized women’s apparel brand Torrid Holdings plans to raise $156 million at a $2.1 billion market cap. Torrid is the largest direct-to-consumer brand of women's plus-size apparel and intimates in North America by net sales. The profitable company markets directly to consumers via physical stores and its e-commerce platform, which represented a majority of sales in the 12 months ended 5/1/21.\nAlzheimer’s biotech Acumen Pharmaceuticals, Inc. plans to raise $125 million at a $607 million market cap. The company's lead candidate, ACU193, is a humanized monoclonal antibody that selectively targets amyloid-beta oligomers. ACU193 entered a Phase 1 trial in patients with mild dementia or cognitive impairment due to AD in the 2Q21, with data expected by year end 2022.\nDigital financial services provider AMTD Digital($(HKD)$) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.\nDrug formulation developer Aerovate Therapeutics($(AVTE)$) plans to raise $100 million at a $325 million market cap. Aerovate's initial focus is on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension (PAH). The company has completed a Phase 1 study in healthy volunteers and expects to begin a Phase 2b/3 trial in PAH patients in the 2H21.\nNeuromodulation device provider CVRx Inc plans to raise $100 million at a $333 million market cap. CVRx manufactures and markets its minimally invasive neuromodulation solutions on its proprietary BAROSTIM platform. The company's states that its BAROSTEM NEO product is the first and only commercially available neuromodulation device indicated to improve symptoms for patients with heart failure with reduced ejection fraction.\nBelgium-listed Nyxoah($(NYXH)$) plans to raise $87 million at an $803 million market cap. Nyxoah's lead product is the Genio system, a CE-marked, minimally-invasive hypoglossal neurostimulation therapy for obstructive sleep apnea. The company began generating revenue from Genio in Europe in July 2020 and is currently conducting a pivotal trial designed to support marketing authorization in the US.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/24/21, the Renaissance IPO Index was up 2.7% year-to-date, while the S&P 500 was up 13.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 1.5% year-to-date, while the ACWX was up 10.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114087969,"gmtCreate":1623036348551,"gmtModify":1704194761413,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hahahaha","listText":"Hahahaha","text":"Hahahaha","images":[{"img":"https://static.tigerbbs.com/d68ac22241d38b6fc70d03d3cdd128c4","width":"1080","height":"2010"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114087969","isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":171964960,"gmtCreate":1626703001950,"gmtModify":1703763651524,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Nice!&nbsp;","listText":"Nice!&nbsp;","text":"Nice!","images":[{"img":"https://static.tigerbbs.com/56a702e6ddf8cef90d53077b9c7d0492","width":"1080","height":"2254"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171964960","isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":150152544,"gmtCreate":1624890690588,"gmtModify":1703847247266,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150152544","repostId":"1150095060","repostType":4,"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153218165,"gmtCreate":1625026921157,"gmtModify":1703850454427,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"goingng up","listText":"goingng up","text":"goingng up","images":[{"img":"https://static.tigerbbs.com/a69ca9e5eaf52004d22179c1b1bba9ae","width":"1080","height":"2289"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153218165","isVote":1,"tweetType":1,"viewCount":448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159162558,"gmtCreate":1624949262274,"gmtModify":1703848646362,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Going up","listText":"Going up","text":"Going up","images":[{"img":"https://static.tigerbbs.com/5b08328d1b494821c40f37e57ee3311d","width":"1080","height":"2289"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159162558","isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":150146111,"gmtCreate":1624890916133,"gmtModify":1703847259397,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150146111","repostId":"1149026618","repostType":4,"repost":{"id":"1149026618","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624886279,"share":"https://www.laohu8.com/m/news/1149026618?lang=&edition=full","pubTime":"2021-06-28 21:17","market":"us","language":"en","title":"SoftBank shrinks robotics business, stops Pepper production- sources","url":"https://stock-news.laohu8.com/highlight/detail?id=1149026618","media":"Reuters","summary":"TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics busine","content":"<p>TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions.</p>\n<p>Production of the humanoid Pepper, touted as the first robot with \"a heart\", was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said.</p>\n<p>Built by Foxconn(2317.TW)in China, Pepper was meant to help plug labour shortages but struggled to find a global customer base. Only 27,000 were produced, one of the sources said.</p>\n<p>The pullback reflects the fading of Chief Executive Masayoshi Son's plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.</p>\n<p>As part of the retrenchment, SoftBank plans to eliminate about half of its 330 staff positions in France in September, according to four sources and documents, cutting into the historical heart of the business, whose origins lie in SoftBank's 2012 acquisition of French robotics firm Aldebaran.</p>\n<p>Half of the staff has already been cut from smaller sales operations in the United States and Britain, three of the sources said, with employees in Japan redeployed from the robotics business. All the sources declined to be named as they are not permitted to speak to the media.</p>\n<p>In France, negotiations on layoffs are ongoing with final numbers not decided, a SoftBank spokesperson said. Staff have also been laid off in the U.S. and UK and redeployed in Japan, the spokesperson said, declining to provide further deals.</p>\n<p>SoftBank \"will continue to make significant investments in next-generation robots to serve our customers and partners,\" the French robotics business said in a statement.</p>\n<p>The job cuts in France were first reported by French business website Le Journal du Net. The broader restructuring is reported by Reuters for the first time.</p>\n<p><b>CULTURE CLASHES</b></p>\n<p>SoftBank Robotics launched the chest-high Pepper in 2014 and it became the face of the conglomerate, embodying Son's optimistic vision of a technology-powered future as he built his overseas investing operations.</p>\n<p>Behind the scenes, culture clashes between the French business and Tokyo management hurt the robot's development and its sales were impacted by its limited functionality and unreliability, the three sources said.</p>\n<p>SoftBank, which propped up Pepper sales by placing the robot in its mobile phone stores, has shifted focus to products such as cleaning robot Whiz. The French business was increasingly sidelined, the three sources said.</p>\n<p>The conglomerate has been selling assets including the majority of its stake in robotics firm Boston Dynamics as Son focuses more on investing through the Vision Fund.</p>\n<p>The 63-year-old billionaire, who made his fortune through selling mobile phones contracts and investing in startups, describes SoftBank as a \"capital provider for the information revolution.\"</p>\n<p>SoftBank retains exposure to robotics and automation technology, owning SB Logistics and with stakes in robotics firm Berkshire Grey and warehouse robotics firm AutoStore.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank shrinks robotics business, stops Pepper production- sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftBank shrinks robotics business, stops Pepper production- sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-28 21:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions.</p>\n<p>Production of the humanoid Pepper, touted as the first robot with \"a heart\", was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said.</p>\n<p>Built by Foxconn(2317.TW)in China, Pepper was meant to help plug labour shortages but struggled to find a global customer base. Only 27,000 were produced, one of the sources said.</p>\n<p>The pullback reflects the fading of Chief Executive Masayoshi Son's plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.</p>\n<p>As part of the retrenchment, SoftBank plans to eliminate about half of its 330 staff positions in France in September, according to four sources and documents, cutting into the historical heart of the business, whose origins lie in SoftBank's 2012 acquisition of French robotics firm Aldebaran.</p>\n<p>Half of the staff has already been cut from smaller sales operations in the United States and Britain, three of the sources said, with employees in Japan redeployed from the robotics business. All the sources declined to be named as they are not permitted to speak to the media.</p>\n<p>In France, negotiations on layoffs are ongoing with final numbers not decided, a SoftBank spokesperson said. Staff have also been laid off in the U.S. and UK and redeployed in Japan, the spokesperson said, declining to provide further deals.</p>\n<p>SoftBank \"will continue to make significant investments in next-generation robots to serve our customers and partners,\" the French robotics business said in a statement.</p>\n<p>The job cuts in France were first reported by French business website Le Journal du Net. The broader restructuring is reported by Reuters for the first time.</p>\n<p><b>CULTURE CLASHES</b></p>\n<p>SoftBank Robotics launched the chest-high Pepper in 2014 and it became the face of the conglomerate, embodying Son's optimistic vision of a technology-powered future as he built his overseas investing operations.</p>\n<p>Behind the scenes, culture clashes between the French business and Tokyo management hurt the robot's development and its sales were impacted by its limited functionality and unreliability, the three sources said.</p>\n<p>SoftBank, which propped up Pepper sales by placing the robot in its mobile phone stores, has shifted focus to products such as cleaning robot Whiz. The French business was increasingly sidelined, the three sources said.</p>\n<p>The conglomerate has been selling assets including the majority of its stake in robotics firm Boston Dynamics as Son focuses more on investing through the Vision Fund.</p>\n<p>The 63-year-old billionaire, who made his fortune through selling mobile phones contracts and investing in startups, describes SoftBank as a \"capital provider for the information revolution.\"</p>\n<p>SoftBank retains exposure to robotics and automation technology, owning SB Logistics and with stakes in robotics firm Berkshire Grey and warehouse robotics firm AutoStore.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SFTBY":"软银集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149026618","content_text":"TOKYO, June 28 (Reuters) - SoftBank Group Corp(9984.T)is slashing jobs at its global robotics business and has stopped producing its Pepper robot, according to sources and documents reviewed by Reuters, as the conglomerate downgrades its industry ambitions.\nProduction of the humanoid Pepper, touted as the first robot with \"a heart\", was stopped last year, according to three sources familiar with the matter and the documents. It would be costly to restart production, two of the sources said.\nBuilt by Foxconn(2317.TW)in China, Pepper was meant to help plug labour shortages but struggled to find a global customer base. Only 27,000 were produced, one of the sources said.\nThe pullback reflects the fading of Chief Executive Masayoshi Son's plan to make SoftBank the leader in the robotics industry, producing human-like machines that could serve customers and babysit kids.\nAs part of the retrenchment, SoftBank plans to eliminate about half of its 330 staff positions in France in September, according to four sources and documents, cutting into the historical heart of the business, whose origins lie in SoftBank's 2012 acquisition of French robotics firm Aldebaran.\nHalf of the staff has already been cut from smaller sales operations in the United States and Britain, three of the sources said, with employees in Japan redeployed from the robotics business. All the sources declined to be named as they are not permitted to speak to the media.\nIn France, negotiations on layoffs are ongoing with final numbers not decided, a SoftBank spokesperson said. Staff have also been laid off in the U.S. and UK and redeployed in Japan, the spokesperson said, declining to provide further deals.\nSoftBank \"will continue to make significant investments in next-generation robots to serve our customers and partners,\" the French robotics business said in a statement.\nThe job cuts in France were first reported by French business website Le Journal du Net. The broader restructuring is reported by Reuters for the first time.\nCULTURE CLASHES\nSoftBank Robotics launched the chest-high Pepper in 2014 and it became the face of the conglomerate, embodying Son's optimistic vision of a technology-powered future as he built his overseas investing operations.\nBehind the scenes, culture clashes between the French business and Tokyo management hurt the robot's development and its sales were impacted by its limited functionality and unreliability, the three sources said.\nSoftBank, which propped up Pepper sales by placing the robot in its mobile phone stores, has shifted focus to products such as cleaning robot Whiz. The French business was increasingly sidelined, the three sources said.\nThe conglomerate has been selling assets including the majority of its stake in robotics firm Boston Dynamics as Son focuses more on investing through the Vision Fund.\nThe 63-year-old billionaire, who made his fortune through selling mobile phones contracts and investing in startups, describes SoftBank as a \"capital provider for the information revolution.\"\nSoftBank retains exposure to robotics and automation technology, owning SB Logistics and with stakes in robotics firm Berkshire Grey and warehouse robotics firm AutoStore.","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150148421,"gmtCreate":1624890891563,"gmtModify":1703847258417,"author":{"id":"3575326657914583","authorId":"3575326657914583","name":"dumdumdum","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"!&nbsp;","listText":"!&nbsp;","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150148421","repostId":"1185766271","repostType":4,"repost":{"id":"1185766271","pubTimestamp":1624884650,"share":"https://www.laohu8.com/m/news/1185766271?lang=&edition=full","pubTime":"2021-06-28 20:50","market":"us","language":"en","title":"Buy these stocks as S&P 500 heads for 11% correction and bitcoin risks fall to $12,000, say strategists.","url":"https://stock-news.laohu8.com/highlight/detail?id=1185766271","media":"MarketWatch","summary":"Stocks are set for a mixed day ahead while crypto is surging, as even the slow days of summer tradin","content":"<p>Stocks are set for a mixed day ahead while crypto is surging, as even the slow days of summer trading continue to keep the black clouds away from financial markets.</p>\n<p>It may not last for long.</p>\n<p>Our call of the day, from strategists Barry B. Bannister and Thomas R. Carroll at the equity trading desk of investment bank Stifel, is that the S&amp;P 500 is heading for an 11% pullback while bitcoin could fall to $12,000.</p>\n<p>The \"recovery trade\" that has defined the recent bull market is headed for a further correction in the second half of 2021, the strategists said. Cyclical stocks--industrials, energy, materials, financials, tech, and discretionary--will fall relative to defensive stocks like staples, healthcare, utilities, and real estate, Bannister and Carroll said.</p>\n<p>This will weigh down the S&amp;P 500 , and Stifel's strategists say that the blue-chip index is heading for an 11% drop to 3,800 points.</p>\n<p>The likely catalysts for this major shift, according to the team at the investment bank, are the U.S. PMI Manufacturing Index fading faster than expected in the second half of the year, and the dollar strengthening.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79bf19af0df6f41e1a7ca737045bea31\" tg-width=\"1259\" tg-height=\"756\"><span>CHART VIA STIFEL.</span></p>\n<p>Bannister and Carroll said the primary causes are a slowing global money supply in U.S. dollar terms--as central banks ease pandemic-era supports--as well as distortions from quantitative easing, and the lagged effect of China's policy tightening.</p>\n<p>A sea change of this magnitude will create distinctive winners and losers, the strategists said. Investors can prepare by buying shares in companies focused on defensive industries: pharma and biotech; food and staples retailing; commercial and professional services; food, beverage, and tobacco; utilities; healthcare equipment and services; household products; consumer services; and telecommunications.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dd94e625f705687e0a66cc41f1ee9b6d\" tg-width=\"1260\" tg-height=\"796\"><span>CHART VIA STIFEL.</span></p>\n<p>But avoid the stocks set to be losers, identified by the team at Stifel as: banks; insurance; software and services; real estate; energy; diversified financials; semiconductors; technology hardware; materials; capital goods; and autos and components.</p>\n<p>Other casualties that Bannister and Carroll expect to see are bitcoin and copper , which are both sensitive to slowing global liquidity and the stronger dollar. The strategists at Stifel see bitcoin falling from around $34,000 to $12,000 if global M2--a measure of the money supply--drops to low-single digits year-over-year, as they expect.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2183aa5a3a874c4004d7f2791d83b945\" tg-width=\"1260\" tg-height=\"1582\"><span>CHART VIA STIFEL.</span></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy these stocks as S&P 500 heads for 11% correction and bitcoin risks fall to $12,000, say strategists.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy these stocks as S&P 500 heads for 11% correction and bitcoin risks fall to $12,000, say strategists.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/buy-these-stocks-as-s-p-500-heads-for-11-correction-and-bitcoin-risks-fall-to-12-000-say-strategists-11624879133?mod=hp_LATEST&adobe_mc=MCMID%3D03250748340802259633376614514522268876%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1624884223><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks are set for a mixed day ahead while crypto is surging, as even the slow days of summer trading continue to keep the black clouds away from financial markets.\nIt may not last for long.\nOur call ...</p>\n\n<a href=\"https://www.marketwatch.com/story/buy-these-stocks-as-s-p-500-heads-for-11-correction-and-bitcoin-risks-fall-to-12-000-say-strategists-11624879133?mod=hp_LATEST&adobe_mc=MCMID%3D03250748340802259633376614514522268876%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1624884223\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","GBTC":"Grayscale Bitcoin Trust",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/buy-these-stocks-as-s-p-500-heads-for-11-correction-and-bitcoin-risks-fall-to-12-000-say-strategists-11624879133?mod=hp_LATEST&adobe_mc=MCMID%3D03250748340802259633376614514522268876%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1624884223","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185766271","content_text":"Stocks are set for a mixed day ahead while crypto is surging, as even the slow days of summer trading continue to keep the black clouds away from financial markets.\nIt may not last for long.\nOur call of the day, from strategists Barry B. Bannister and Thomas R. Carroll at the equity trading desk of investment bank Stifel, is that the S&P 500 is heading for an 11% pullback while bitcoin could fall to $12,000.\nThe \"recovery trade\" that has defined the recent bull market is headed for a further correction in the second half of 2021, the strategists said. Cyclical stocks--industrials, energy, materials, financials, tech, and discretionary--will fall relative to defensive stocks like staples, healthcare, utilities, and real estate, Bannister and Carroll said.\nThis will weigh down the S&P 500 , and Stifel's strategists say that the blue-chip index is heading for an 11% drop to 3,800 points.\nThe likely catalysts for this major shift, according to the team at the investment bank, are the U.S. PMI Manufacturing Index fading faster than expected in the second half of the year, and the dollar strengthening.\nCHART VIA STIFEL.\nBannister and Carroll said the primary causes are a slowing global money supply in U.S. dollar terms--as central banks ease pandemic-era supports--as well as distortions from quantitative easing, and the lagged effect of China's policy tightening.\nA sea change of this magnitude will create distinctive winners and losers, the strategists said. Investors can prepare by buying shares in companies focused on defensive industries: pharma and biotech; food and staples retailing; commercial and professional services; food, beverage, and tobacco; utilities; healthcare equipment and services; household products; consumer services; and telecommunications.\nCHART VIA STIFEL.\nBut avoid the stocks set to be losers, identified by the team at Stifel as: banks; insurance; software and services; real estate; energy; diversified financials; semiconductors; technology hardware; materials; capital goods; and autos and components.\nOther casualties that Bannister and Carroll expect to see are bitcoin and copper , which are both sensitive to slowing global liquidity and the stronger dollar. The strategists at Stifel see bitcoin falling from around $34,000 to $12,000 if global M2--a measure of the money supply--drops to low-single digits year-over-year, as they expect.\nCHART VIA 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