SOFTBANK GRP UNSP/ADR - SFTBY STOCK NEWS

Riiid Inc. (RIID) acquires Qualson Co Ltd., a leading English language learning and content provider based in South Korea. Qualson is known for its popular Real Class™ English language learning platform, utilizing high-quality content from international media companies. The acquisition enables Riiid to enhance Qualson's products with its AI technologies and accelerates the development of its future ESL product. The acquisition is expected to close in Q1 2024.

Riiid's latest generative AI model ranked first on HuggingFace's Leaderboard, scoring 74.07 points.

eZee Technosys, a member of Yanolja Cloud, has been recognized as a 2023 Expedia Group Elite Connectivity Partner. This top designation acknowledges eZee's exceptional performance in various metrics including booking value and traveler experience. The Elite status allows eZee to access enhanced technical support and new APIs, improving service delivery to customers. The recognition further emphasizes eZee's commitment to providing advanced hospitality solutions. With over 17 years in the industry, eZee offers comprehensive services such as Property Management Software and Channel Management to clients worldwide. Yanolja Cloud, eZee's parent company, supports innovation and technology in the hospitality sector, having acquired eZee recently to enhance its global reach.

SoftBank Group Corp. has released its Annual Report for the fiscal year ending March 31, 2022. The report includes comprehensive financial data and insights into the company’s performance, strategies, and future plans. Investors can access the detailed financial information on SoftBank's official website. The group focuses on breakthrough technologies across various sectors, indicating ongoing investment in telecommunications, AI, and clean energy. This aligns with its mission to enhance global quality of life.

SoftBank Group Corp. has announced the appointment of Alex Clavel as the new CEO of SoftBank Group International, effective June 30, 2022. He succeeds Michel Combes, who is leaving to pursue new opportunities after five impactful years. Clavel has seven years of experience at SoftBank, managing its international investments across various locations, including Silicon Valley and New York. His role includes overseeing investments in notable companies like T-Mobile and Boston Dynamics.