SoftBank Vision Fund forms JV with Chinese insurer Zhong An
SoftBank Vision Fund has entered into a technology development joint venture (JV) with Zhong An, a PE-backed Chinese insurance company. It will see each party contribute $100 million.
According to a filing, SoftBank Vision Fund will take a 51% interest in the JV, while Zhong An will hold the remaining 49%. The partnership aims to grow Zhong An’s technology development business outside...
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