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
READ MORE:
Indonesia Seeks New Capital Investors After SoftBank Exit – Post
GM Bets $3.5bn More on Self-Driving Tech Unit as SoftBank Exits
SoftBank Seen Leaving Boards Of India’s Paytm, Policybazaar