SoftBank has invested $1 billion in Freeand and Shell.

March 4 morning news, according tomedia reports, SoftBank to Free and Shell to find a house investment of 1 billion U.S. dollars, at present, and shell looking for a house has not yet commented. SoftBank reportedly invested $1 billion through the Vision Fund, of which $500 million was direct investment, and bought another $500 million in stock from its founder, valuing the company at $6.6 billion.

SoftBank has invested $1 billion in Freeand and Shell.

In 2018, It was announced that it would complete rmb4 billion a round of financing, led by Huaping Investment, Sequoia Capital China Fund and Tencent, and in June 2019 a B-round financing was conducted, with a valuation of about US$5 billion, led by Transatlantic Capital, Tencent Investment, Sequoia Capital China, Tiantu Capital and other investments, raising a total of about US$500 million.

SoftBank’s investment has not yet been commented on.

In addition, softbank is reported to have received a $1.5 billion financing for shell-sought homes. Of these, SoftBank invested $1 billion, with another $500 million funded by Gaoqi Capital, Tencent Holdings and Sequoia Capital. The deal is valued at $14 billion.

In March 2019, Shell Find house started D-round financing, led by strategic investor Tencent to invest $800 million. Later, some media said that the shell looking for housing D wheel size of more than 1.2 billion U.S. dollars, high-rise capital, source investment and other institutions are also involved.

Media also reported that people familiar with the matter said shell-sought was aiming for an initial public offering in Hong Kong as soon as this year, but the outbreak slowed the process. The IPO is aimed at valuing it at between $20 billion and $30 billion.

Shell has not yet commented on the house. (Zhang Jun)