By Reuters Staff
2 Min Read
TOKYO (Reuters) - Two-thirds of the value of SoftBank Group Corp’s $100 billion Vision Fund is concentrated in 10 firms in industries including ride-hailing, food delivery, e-commerce and semiconductors:
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo
Didi
China’s biggest ride-hailing firm Didi is targeting a listing in Hong Kong this year with a valuation of more than $60 billion, sources told Reuters in October.
Grab
Southeast Asian ride-hailing firm Grab is considering a U.S. listing this year, sources told Reuters last month, after the collapse of merger talks with regional rival Gojek.
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U.S. Banks Delist Hong Kong Derivatives Linked to Chinese Military GS, JPM and MS are removing products from the Hong Kong exchange derived from companies deemed to have ties to the Chinese military.
Jan 11, 2021 | 09:45 AM EST
Decisions in Washington are affecting the derivatives market here in Hong Kong, on the other side of the world. That s as U.S. investment banks scramble to comply with the restrictions slapped on Chinese companies in the dying days of the Trump administration.
In Hong Kong, Goldman Sachs (GS) , J.P. Morgan (JPM) and Morgan Stanley (MS) are in the process of delisting a combined 500 derivatives. The banks consider the products to fall afoul of the requirement for U.S. investors to cease buying the shares of 35 companies identified as having ties to the Chinese military.