(Original title: SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla)

NetEase Technology News, August 18 news, a regulatory document released on Monday local time shows that, in addition to the recent continuous investment in non-listed start-up companies, SoftBank has acquired $1.2 billion in Amazon shares.

SoftBank CEO Son Masayoshi announced the establishment of a new investment management subsidiary last week to invest the cash obtained from the sale of a large amount of assets in liquid stocks. So far, SoftBank has invested approximately US$10 billion in stock purchases.

This regulatory document shows that in addition to Amazon, SoftBank also holds shares in Netflix, Tesla, Microsoft and Google's parent company Alphabet.

According to the disclosure documents, according to the closing price on Friday, SoftBank also holds approximately US$220 million in shares of chip supplier Nvidia. SoftBank sold its stake in Nvidia last year. According to media reports, SoftBank is currently negotiating with Nvidia on the sale of its chip designer Arm.

The focus of SoftBank's investment is on unlisted start-ups that have already achieved development. In addition, the investments currently implemented by SoftBank are not executed by its Vision Fund. The Vision Fund with a scale of 100 billion U.S. dollars did not bring good returns to SoftBank in the past. On the contrary, it suffered from investment failures, which caused a drag on SoftBank's overall performance.

Driven by the rebound in technology stocks, the value of many technology stocks is climbing. The share price of electric car maker Tesla has risen by more than 60% since the end of June. Sun Zhengyi said that the value of company assets is a better standard for measuring team performance.

SoftBank also disclosed that it holds stakes in Station B and iQiyi. (Tianmen Mountain)

Source: NetEase Technology Report, translated by Google Translate