SoftBank CEO Masayoshi Son said he has $80 billion in cash for investments and stock buybacks, Bloomberg reported. Son’s comments came during the New York Times Dealbook conference. Son said that if SoftBank shares drop, he would buy back more aggressively. SoftBank in recent months has sold off some assets to shore up its balance sheet after the stock market plunge triggered by the...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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