SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments

The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments met through its Vision Fund and wagers on the co-working real estate company WeWork and satellite telecommunications company OneWeb. Ultimately, the company expects the…

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Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of brand-new internet challengers. The firm announced the coming week that its fourth China fund has shut with a total fund commitment…

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Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B

The U.S. IPO window may be wide open for Chinese tech firms, but electrical vehicle manufacturer Nio has conservatively trimmed the target for its NYSE listing to $1.5 billion after it exhausted a price range for its shares. The company…

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