Recently, according to Wall Street and Reuters , SoftBank Chairman and CEO Masayoshi Son said at a performance press conference held on August 10 that SoftBank will suspend investment in China. This news has caused heated discussion.
htmlOn the evening of August 11, SoftBank China Capital issued a statement saying that it had noticed relevant media reports and we would not comment on Japan's SoftBank Group's investment strategy in China. SoftBank China Capital will continue to be committed to investing in excellent high-tech and high-growth enterprises in China. But this response was later deleted. A reporter from Shell Finance contacted SoftBank China Capital and learned that SoftBank's unified caliber on the incident is not to comment.According to Masayoshi Son's speech, as of the end of June, SoftBank has invested in a total of 301 companies around the world, and Alibaba is still the largest investment held by SoftBank, accounting for 39%. From a regional perspective, SoftBank Vision Fund's global investments are mainly concentrated in the United States, Asia, Europe and Latin America. Among them, China's investment accounts for 23%.
SoftBank China's investment in accounts for 23% . vigorously deploys AI
SoftBank has been famous in China for a long time, and Masayoshi Son himself is called the "Godfather of Investment". His investment in Chinese company Alibaba is a strong mark on his way to "create the gods".
Beike Finance reporter learned that SoftBank Group held 31.6 trillion yen at the end of the first quarter, of which Alibaba is still the largest investment in holding the largest market value, followed by ARM and T-mobile, accounting for 9% and 6% respectively. Two funds under SoftBank Group, Vision 1 and Vision 2, account for 29% of them.
In terms of quantity, SoftBank and Vision Fund have deployed 301 companies around the world. Specifically, as of June 30, Vision 1 held 82 investments, with an investment amount of over US$74 billion, of which 15 companies have been listed and 4 new listed companies this quarter.
Vision 2 made new investments and additional investments in 47 companies this quarter, involving US$13.5 billion, and the total amount of the fund reached US$20.2 billion. As of the end of the first quarter, it held 91 investment companies (including 7 listed companies).
From a regional perspective, Masayoshi Son said that investment is becoming more balanced every day. As of the end of June 2021, SoftBank Vision Fund's investment in China accounted for 23%, a decrease compared with the past. The United States is still the region with the largest investment in Vision Fund, reaching 34%.
It is understood that the two Vision Funds invested in China, including JD Logistics , Dingdong , Maicai, Manbang and Zhangmen Education , and other companies in the United States successfully listed in the United States this year.
It is worth noting that SoftBank has been making great efforts in the field of AI. Since 2017, Vision Fund has invested in many unlisted AI companies and entities active in their respective key areas to prepare for the full entry into the era of artificial intelligence, including byteDance .
Masayoshi Son emphasized that although most of the companies invested in Vision have not yet made profits and are in their infancy, and he is well aware of the risks, he is more convinced of the changes and growth that artificial intelligence can bring. Masayoshi Son pointed out at the beginning of his speech that Vision Fund is not an AI investor, but a "vision capitalist" of the artificial intelligence revolution.
SoftBank China layout information and medical technology , Chinese enterprises account for about ( Asian )4%
In 2000, SoftBank China Capital (SBCVC) was established as an venture capital and private equity fund management company. In the past development, SoftBank has successfully invested in a series of outstanding Chinese companies such as Alibaba, Taobao , Focus Media , Wanguo Data , BGI , etc.
SoftBank China Capital (SBCVC) official website shows that SoftBank China Capital currently manages multiple US dollar and RMB funds at the same time, and its investment fields include information technology, clean technology, medical and health, consumer retail and high-end manufacturing industries. The investment stage covers early, growth and mid-to-late stages.
Specifically, there are 27 information technology companies, including Alibaba, Taobao, Focus Media, PPTV Juli, Oriental CJ, Wanguo Data, Lianchuang Technology, YI Cheng Information , Haowu China, Tengyun Tianxia, Gudong Sports, Zhiyang Technology, Weiyan Technology, Octopus, Tiantian Paiche, Kuaicang Technology, Licai.com, Malong Technology, Yi Ersan, Quhuo, Yingpu Technology, Bus365, Middle East Headlines, Sanwei Home, Zhongcheng Wisdom, Leaked Banking, and Special Praise.
26 companies in the medical and health field, including Dian Diagnosis , LiBang Instrument , Pelter, Jiaotong University Jingyi, BGI, Quyi.com, Shanghai Medicine , 360 Health, Dingdang Fast Drug , Mommy Knows, Anhan Medical, Annoyouda , Kuaiyi Checkup, Haipolus, Nohui Health, Taimei Medical Technology, Pumen Technology, Jingyu Medical, Stace, Cooper Technology, Shihe Gene, Jinshao Medicine, Lianxin, Lu Daopai Medical, Baiao Zhihui, Xingeyuan Biology.
Other investment companies include Pulisheng, Good Child , Loncin General , Jiahua Enterprise, Sunshine Printing Network , Huineng Technology, Huating Power, Best Logistics, Changsheng Technology, Ben'an Energy, Lanshen Technology, Gelubo Technology, Kuwa Robot, Zhonggu Logistics, Anmaisheng, Future Black Technology.
However, a reporter from Shell Finance found from SoftBank's official website that Vision Fund No. 1 and No. 2 currently invest in 50 companies in Asia, 40 of which are Chinese companies. Including Ele.me, Beike, ByteDance, Guazi, JD Logistics, keep, Zhangmen Education, zhong'an Insurance , Ziru , Zuoyebang, etc.
How much has SoftBank and Vision Fund made in China ?
It is understood that Masayoshi Son's investment in Alibaba is the most successful one. In October 1999, Masayoshi Son invested in Alibaba for US$20 million, and the return after Alibaba went public was more than a thousand times. In June 2016, Masayoshi Son sold 24% of the shares of Alibaba HTML, and his stake dropped from 32% to 28%, cashing out US$7.9 billion.
According to the latest data disclosed by Alibaba, SoftBank held approximately 5.39 billion shares, making it Alibaba's largest shareholder, with a shareholding ratio of 24.8%, and the latest corresponding market value exceeds US$130 billion.
In the short term, Masayoshi Son and his Vision Fund have made great profits in investment in China.
According to SoftBank's financial report, Vision Fund No. 1 withdraws from 4 listed projects this quarter, among which Chinese company Ping An Good Doctor is listed. It is understood that in December 2017, SoftBank invested $400 million in Ping An Good Doctor, in less than four years. As of August 9, Vision Fund 1 made a profit of $428 million by investing in the project. The same is true for
Vision Fund No. 2. As of June 30, the four projects invested by Vision Fund No. 2, including Beike, Dingdong Maicai, JD Logistics and Zhangmen Education, have achieved positive returns. Among them, Vision Fund invested in Shell HTML for US$21.35 billion in November 2019, and as of the end of June this year, the book profit was US$3.703 billion.
However, the Beike, Dingdong Maicai, Zhangmen Education and JD Logistics held by Vision Fund No. 2 are currently withdrawing. As of August 9, due to the fluctuations in the capital market, the stock price has declined, which has affected the overall income of Vision Fund.
Beijing News Shell Finance Reporter Hu Meng Editor Song Yuting Proofreading Li Shihui
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