By spinning its fintech business off into a new company, with a move to a separate listing, Tencent could unlock as much as $230 billion in value.
From Vision Fund’s inception through to June 30 this year, SoftBank earned $3.2 billion in management fee, twice the $1.6 billion it received as an
WeWork was seeking an IPO at a $47 billion valuation, now the real value should be closer to $15 billion.
The PhonePe spinoff would strengthen the case that a homegrown hero can hold its own when foreign rivals enter.
Actually running one of the fund’s portfolio companies would be a grave step for a man entrusted to manage $100 billion of investors’ capital.
BlackRock is looking for ways to make its investment and portfolio-modeling tools available to the Chinese market.
SoftBank is currently discussing whether to increase a $1.5 billion funding pledge by another $1 billion.
A month after announcing an eclectic mix of investors for its Vision Fund 2, SoftBank is leaning on its own employees for cash.
Ant Financial, which operates the e-commerce giant’s Alipay payment service, tripled its operating income from the prior quarter.
Most of SoftBank' increase in net income came from a one-time gain from its direct stake in Alibaba Group.
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