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SoftBank to pause investment in China until regulatory action plays out
- Tuesday | 10th August, 2021
TOKYO (Reuters) -SoftBank Group Corp will pause its investing in China as it waits for regulatory action against the country’s tech firms to play out, Chief Executive Masayoshi Son said on Tuesday. The timing and size is something we consider daily.”VISION FUND UPSIDEMore than two-thirds of the portfolio of the first $100 billion Vision Fund is listed or exited. Son said he would invest in the second fund through a scheme using his SoftBank shares as collateral. SoftBank has also been betting on publicly listed shares through its SB Northstar trading unit. The unit will shrink as SoftBank prioritises the Vision Fund, Son said.
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