Oct. 3 at 6:17 PM
$DIDIY SoftBank Investment Portfolio
BI Telecom Carriers, Asia-Pacific Dashboard
3. China Exposure Not Fully Appreciated Return to Top
Valuation Gains in Second Quarter
Source: Company Filings, Bloomberg Intelligence
SoftBank Group has dramatically reduced its China exposure in recent years, though some significant assets remain, including DiDi Global -- which has languished in the limbo of the OTC Pink Market since delisting in May 2022. At
$12 billion, DiDi is the largest investment in the first Vision Fund and a rebound in Chinese markets could open the door for a listing in Hong Kong, allowing SoftBank to monetize it. The value of Softbank's position rose
$1.3 billion in the quarter as the OTC-listed shares rose, apparently on expectations a Hong Kong listing could draw more investors.
SoftBank also has stakes in ByteDance (
$1.9 billion), Alibaba's O2O platform Ele.me (
$3 billion), and used-car sales platform Guazi (
$1.6 billion). The latter three are amo