Daily Opinion: SoftBank Is on a Buying Spree

softbank

Alright, this is a stretch beyond topics I usually cover, but I’ll circle back and connect it all together. So, if you don’t know who or what SoftBank is, they’re a Japanese company with a focus in telecommunications, e-commerce, and technology. They own 37% of alibaba.com. And, oh yeah, they recently acquired 80% of Sprint.

Yeah, they’re kind of a big deal.

SoftBank just invested $627 million in SnapDeal, an Indian e-commerce site. This is brilliant because India has the 3rd largest number of internet users in the world, but e-commerce is still very much in its infancy. It seems smart to get in there before anyone else figures it out. Hell, it worked when they invested in AliBaba.

How does this relate to me? Well, if you read my posts, many times I write about becoming a self-earner. In doing so, I’m slowly realizing there are opportunities outside of the US. SoftBank’s investment shows how companies think more globally than we do as individuals. You can apply this thinking beyond making money (networking, education, medical needs).

At a time where various countries aren’t doing so hot economy-wise, why should people be relegated to domestic opportunities? With India becoming an emerging market, there may be opportunities for self-earners to find a gap that needs filling.

Peace out, party people.

Previously: I Don’t Care about Football

 

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