Japan's SoftBank pauses China investing as crackdown roils portfolio

Japan's SoftBank pauses China investing as crackdown roils portfolio

REUTERS/Issei Kato

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.

“Until the situation is clearer we want to wait and see,” Son told a news conference. “In a year or two, I believe new rules will create a new situation.”

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter