Softbank Teams Up with China's Tsinghua University
Japan's SBI Holdings, the holding company for Softbank and its financial services units, says a new fund it has created with Tsinghua Holdings has been approved by China's regulators. The fund will be equally owned between the two parties, which marks the second of such sino-foreign joint investments in China. With an initial $30 million seed money, it will focus on start-up firms and pre-IPO companies run by Tsinghua students, faculty, alumni and other affiliates.
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