SoftBank

The drop was due to the decrease in the fair values of investments it held at the end of the third quarter, including Uber and WeWork.

FirstCry will use the money to expand its physical presence and compete with e-tailers such as Amazon India and Flipkart.

Last month, the company gave pink slips to a total of 1800 employees in India and China.

It roped in former Google India interim head Vikas Agnihotri as its first operating partner in the country.

The construction of the new capital will start later this year.

SoftBank Group to discuss contributing capital to develop smart cities in .

It raised USD 1 billion late last year at a valuation of USD 16 billion.

The power bank sharing sector has regained momentum in 2019.