SoftBank Pauses China Investing as Clampdown Roils Portfolio

SoftBank Pauses China Investing as Clampdown Roils Portfolio
Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, on Nov. 5, 2018. Kim Kyung-Hoon/Reuters
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TOKYO—SoftBank Group Corp. will pause its investing in China as it waits for regulatory action against Chinese tech firms to play out, Chief Executive Masayoshi Son said on Aug. 10.

“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.”