Japanese investment giant Softbank said that it will suspend new investment in China while observing how China's rectification of the domestic technology industry will develop.SoftBank's investment in the field of Chinese technology may be hit hard, which may make the return prospects of the next few months.
According to the China Fund, Sun Zhengyi, chairman and president of Softbank Group, said at the press conference on the 11th: "Before the situation was clearer, we wanted to see the change.It is believed that the new rules will create a new situation. "SoftBank said at the same time that it will observe how China's rectification of the domestic technology industry will develop.
SoftBank has previously invested in Internet giants including Didi Chuxing, byte beating, and Alibaba.And this year's antitrust supervision has brought tremendous changes to the stock price of these companies. Since July, Alibaba's stock price has fallen by 14%.The seven departments of China have previously settled in Didi Corporation to conduct network security censorship.This also shrinks the value of the project invested by SoftBank.
According to the first quarter of the fiscal year of the fiscal year announced by SoftBank, net profit was 761.5 billion yen (S $ 9.36 billion), which was 125.57 trillion yen in the same period last year, a decrease of 39%year -on -year.
Sun Zhengyi, president of SoftBank Group, said that although China will still be an innovation center of science and technology and artificial intelligence, "in terms of investment, we noticed that many new regulatory measures have been introduced one after another. I want to wait for a while for some time.In order to observe the type of regulatory (China), the scope of supervision, and its impact on the market. "Sun Zhengyi predicts that its" watching "period will reach one to two years.
On the evening of the 11th, Softbank China Capital issued a statement through its official WeChat stating that it noticed that the relevant media reports were not commented on the investment strategy of Japan's SoftBank Group in China.Ground is dedicated to investing in excellent high -tech and high -growth enterprises in China.
