SoftBank to curb China deals amid regulatory uncertainty

Chairman and CEO Son to 'wait and see' after crackdown dents tech portfolio

20210810 SoftBank Online Press Conference

SoftBank Group founder and CEO Masayoshi Son speaks during an online press conference on Tuesday. Chinese regulatory measures have cast some uncertainty over the company's China portfolio. (Screenshot from SoftBank's website)

WATARU SUZUKI, Nikkei staff writer

August 10, 2021 15:22 JST

Updated on August 10, 2021 20:29 JST

TOKYO -- SoftBank Group will significantly cut back on new investments in China due to regulatory uncertainty, Chairman and CEO Masayoshi Son said on Tuesday, after a crackdown by Beijing dented the valuation of its investments.