The sovereign fund Mubadala supports growth in China



[ad_1]

Al Mubarak said his firm also invested in the $ 93 billion Vision Fund of SoftBank, the largest technology fund ever created, which is also injecting cash into Chinese companies.

And as markets rumble over the efforts of Uber Technologies, Mubadala is looking at a rival giant that gives free rein. One of the firms that Mubadala supports through the SoftBank fund is China's Didi Chuxing.

"I think it's a great company," he said, adding that he thought Jean Liu, the president of Didi Chuxing, had done a "phenomenal" job. "

" And that space is a space that we believe has great growth in the future, "said Al Mubarak.

Mubadala, based in Abu Dhabi, has about $ 125 billion in badets under management.

[ad_2]
Source link

Leave a Reply

Your email address will not be published.