The Japanese investment fund has bet heavily on startups in the U.S. and China.
CEO and president of SoftBank Group Masayoshi Son delivers a briefing on the company’s earnings in Feb. 2020. Credit: The Yomiuri Shimbun via AP Images
Softbank, it seems, only has two modes: big wins and big losses. The international investment firm suffered billions in high-profile losses over the past year, and then its signature Vision Fund announced its best-ever quarter in September. The Japanese investor has also made big investments in China. This week, The Wire took a step back to see the plethora of investments that SoftBank has made over its nearly four decades — zooming in on some key investments and partners i
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How did the late premier convince local governments to surrender fiscal revenues to Beijing? In an extract from his recent book, Authoritarian Markets, Adam Y. Liu explains how Zhu played his trump card — letting local governments set up their own banks.
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