Japan’s SoftBank Group Corp., which was in talks earlier this yr to take a stake in Chinese language electric-vehicle maker NIO Inc., has determined to not put money into the Shanghai-based startup’s preliminary public providing, in accordance with individuals conversant in the matter.

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SoftBank had thought of shopping for about $200 million price of shares in NIO’s IPO, The Wall Avenue Journal reported in April. It couldn’t be realized why the Japanese tech big walked away from the potential funding. One of many individuals mentioned SoftBank is actively …

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