SoftBank founder Masayoshi Son has warned his top executives of the need to slow down further investments, as the world’s largest tech investor scrambles to raise cash amid a rout in tech stocks and regulatory crackdown in China.
The Japanese billionaire made the remarks to his leadership team at a meeting held in March, according to people briefed on the discussions, as the group responds to the massive hit to the value of its holdings in recent months.
The previously unreported discussions offer a rare glimpse into the growing tension within SoftBank, which has disrupted the tech investing landscape since launching its first Vision Fund in 2017.
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