Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma. SoftBank owns 26% of China’s Alibaba with its origin in a $5 million investment in 2000, and the stake is now worth more than the Japanese firm’s market capitalization. Son on Friday said the decision to invest in Alibaba was driven by gut feeling. …read more
Source:: Yahoo Finance
