Softbank

Tech conglomerate moves to cut exposure as stock slides to more than 3-year low.

The company said the additional funds will help it achieve strategic objectives for 2020.

Nationwide coverage pushed to 2021 on logistical hurdles.

Other participants of this round include Tencent, Hillhouse Capital, and Sequoia Capital. 

Both deals were made late last year, before the coronavirus outbreak took a toll on China’s economy.

Japan’s top companies shift to crisis mode as outbreak spreads.

Son plans smaller ‘bridge fund,’ says he is in no hurry to sell Alibaba stake.

The drop was due to the decrease in the fair values of investments it held at the end of the third quarter, including Uber and WeWork.