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Son Tells SoftBank to Slow Down on Investments – FT

The Japanese billionaire made the remarks to SoftBank leadership team at a recent meeting, according to people briefed on the discussions

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SoftBank
The previously unreported discussions offer a rare glimpse into the growing tension within SoftBank, which has disrupted the tech investing landscape since launching its first Vision Fund in 2017. Photo: Reuters

 

SoftBank founder Masayoshi Son has told his top executives to slow down investments, as the world’s largest tech investor seeks to raise cash amid falling tech stocks and a regulatory crackdown in China, the Financial Times reported.

The Japanese billionaire made the remarks to his leadership team at a recent meeting, according to people briefed on the discussions, as the group responds to the massive hit to the value of its holdings in recent months.

Read the full report: Financial Times

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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