Careful stance: A woman walking past a SoftBank office in Tokyo. The conglomerate remains largely silent on its China strategy going forward. — AFP
TOKYO: SoftBank Group Corp, one of the biggest foreign investors in China, plans to take a more cautious approach to backing the country’s startups but will continue to cut deals, according to chief operating officer Marcelo Claure.
The Japanese conglomerate’s stock came under pressure in recent weeks as a widening crackdown by Beijing regulators on China’s tech sector battered the value of some of its biggest investments, including Alibaba Group Holding Ltd.
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