Control of Arm's China business transferred to Chinese investors
Control of Arm’s operations in China has been transferred to a jv controlled by Chinese investors.
The jv is called ‘Arm mini China’ and Chinese investors own 51% of the jv’s equity.
The other 49% is held by Softbank.
There is talk of an IPO of Arm mini China which might help reduce Softbank s $147 billion debt.
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