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Japan&#8217;s <a href="https://www.dealstreetasia.com/?s=SoftBank Group Corp" target="_blank" rel="noopener">SoftBank Group Corp</a> is looking to invest $1 billion in Chinese delivery firm <a href="https://www.dealstreetasia.com/?s=Manbang" target="_blank" rel="noopener">Manbang </a><a href="https://www.dealstreetasia.com/?s=Manbang" target="_blank" rel="noopener">Group</a>, the Wall Street Journal reported on Monday, citing people familiar with the matter.</article>

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Japan&#8217;s <a href="https://www.dealstreetasia.com/?s=SoftBank Group Corp" target="_blank" rel="noopener">SoftBank Group Corp</a> is looking to invest $1 billion in Chinese delivery firm <a href="https://www.dealstreetasia.com/?s=Manbang" target="_blank" rel="noopener">Manbang </a><a href="https://www.dealstreetasia.com/?s=Manbang" target="_blank" rel="noopener">Group</a>, the Wall Street Journal reported on Monday, citing people familiar with the matter.
SoftBank&#8217;s possible investment, through its $98 billion<a href="https://www.dealstreetasia.com/?s=Vision Fund" target="_blank" rel="noopener"> Vision Fund</a>, would be part of a fundraising effort by Manbang, which is looking to raise between $500 million and $1 billion in fresh funds to help it expand in China&#8217;s growing logistics market, the Journal said.
The amount and the participating investors have not been set for the fundraising, the report said.
Manbang, backed by China&#8217;s <a href="https://www.dealstreetasia.com/?s=Tencent Holdings Ltd" target="_blank" rel="noopener">Tencent Holdings Ltd</a> and a private-equity firm co-founded by billionaire Jack Ma, would be valued at $5 billion if it raises $500 million, WSJ said.
SoftBank and Manbang were not immediately available for comment.
SoftBank has been aggressively investing in technology companies worldwide &#8211; notably through its London-based Vision Fund &#8211; including U.S. ride hailing firm <a href="https://www.dealstreetasia.com/?s=Uber Technologies Inc" target="_blank" rel="noopener">Uber Technologies Inc</a>.
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<h4>Reuters</h4>
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Japan’s SoftBank Group Corp is looking to invest $1 billion in Chinese delivery firm Manbang Group, the Wall Street Journal reported on Monday.

SoftBank Vision Fund looks to invest $1b in Chinese logistics firm Manbang

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SoftBank Vision Fund looks to invest $1b in Chinese logistics firm Manbang

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