SoftBank's Son defends guts-led investing in chat with Alibaba's Ma

SoftBank's Son defends guts-led investing in chat with Alibaba's Ma

SoftBank Group founder and CEO Masayoshi Son and Alibaba founder and former Chairman Jack Ma shake hands at the Tokyo Forum 2019 in Tokyo, Japan, December 6, 2019. REUTERS/Kim Kyung-Hoon

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.