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Venture Capital

SoftBank Held Talks With China for Vision Fund Investment

SoftBank has held talks with China’s sovereign wealth fund CIC for a potential investment in its Vision Fund, according to Recode, which said it wasn’t clear how far the talks advanced. A deal would have given China a way to invest in the most promising tech startups. It also would have helped SoftBank get the capital to close its $100 billion Vision Fund. But increased regulatory scrutiny in the U.S. of Chinese investments in the tech sector likely gave SoftBank pause. What’s perhaps most surprising is that SoftBank is still fundraising to reach its $100 billion target for the Vision Fund, which it originally planned to close last year. What’s apparent is that the tougher U.S. regulatory environment is becoming an issue for investors seeking to raise bigger funds.

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