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SoftBank

SoftBank's investment strategy in China unchanged: CFO

Goto says company needs to manage country risk as Didi faces regulatory crackdown

SoftBank Group Chief Financial Officer Yoshimitsu Goto says the company's stance in China remains unchanged, despite regulatory clampdown on some tech majors. 

TOKYO -- SoftBank Group's investment strategy in China remains unchanged even as some of its biggest investments in the country come under intense regulatory scrutiny, Chief Financial Officer Yoshimitsu Goto said on Tuesday.

SoftBank invested nearly $11 billion in Chinese ride-hailing company Didi Global, which went public in the U.S. before China's Cyberspace Administration on July 2 said its data management breached national security. Didi's share price has declined more than 20% since the IPO.

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