[Global Scientific Report] According to foreign media reports on February 27, Foxconn, a subsidiary of Taiwan's Foxconn Technology Group’s core company Hon Hai Precision Industry Co., Ltd., will acquire a 54.5% stake in SoftBank Group Capital APAC Pte. Ltd. on March 1. To help it find new technology startups with a transaction volume of $600 million.

SoftBank Group Capital APAC Pte. Ltd. is a wholly-owned subsidiary of Softbank and focuses on Singapore venture capital. According to reports, Softbank will abandon investment in start-up companies and instead set up a $100 billion fund to focus on private equity transactions and investments of at least 10 billion yen. (Internship Compilation: Wu Xinyuan Reviewer: Li Zongze)

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