What is the relationship between SoftBank Group and SoftBank SAIF?

SoftBank Group is a software banking group company. Seifer was once the son of SoftBank Group, but has severed ties with the father of SoftBank Group and terminated the father-son relationship. SoftBank SAIF and SoftBank China have been subsidiaries of SoftBank Group from the beginning. Briefly introduce SoftBank China and SoftBank Asia. SoftBank China was established in 2000, mainly for SoftBank’s strategic cooperation layout in mainland China, Hong Kong, Macao and Taiwan. SoftBank SAIF was established in 2001 and is jointly funded by SoftBank and Cisco***. It is mainly used for cooperation with Asian companies. But now SoftBank SAIF is no longer part of the SoftBank Group. Several Chinese directors of SoftBank Saifu wanted to cooperate in decision-making, so they made their own decisions in the second round of resource raising. SoftBank Group founder Masayoshi Son also left SAIF. So now, SoftBank Group is a software banking group company, and SoftBank China is the son of SoftBank Group who helps his father with the strategic layout of China cooperation. Seifer used to be the son of SoftBank Group but has severed ties with SoftBank Group’s father, dissolving the father-son relationship. SoftBank Group was incorporated in Tokyo, Japan, in September 1981 and has more than 140 employees. Currently, the company has 116 subsidiaries and more than 20,000 employees worldwide. SoftBank is an Internet-based enterprise group with the concept of "information revolution benefiting mankind", providing services, content (documents, videos, games and other information) and infrastructure to enrich people's lives. The business scope includes the circulation business of IT-related products such as mobile communication business, broadband infrastructure business, fixed communication business, and network culture business.

SoftBank China and SoftBank Asia are members of the overseas legion, while independent Seif is a member of the local legion. In 2005, the original management team of SoftBank Asia independently established SAIF Asia Investment Fund. The English name is still SAIF. It also manages SoftBank Asia Investment Fund. SoftBank Asia Information Foundation invests in ancient tomb gold. The total scale of SoftBank SAIF exceeds 1 billion US dollars. . Among them, SoftBank Asia Investment Fund is China’s first truly independent fund management company. Subsequently, SoftBank SAIF cooperated with Tianjin Venture Capital Co., Ltd. to establish SoftBank SAIF China Growth Fund. SoftBank SAIF's investment areas are mainly TMT. But it also involves traditional industries. Investing in Shanda Network is its better job. SoftBank Asia invested US$40 million. In less than two years, it achieved a return rate of 550 million yuan. The rate of return is as high as the times, and SoftBank Safe is enough to recover all the investment and profits of SoftBank Asia in the first phase. This is a nice "Pawn War" project. SoftBank SAIF's ER investment cases include 263, Rongxin, Edicom, Asia Netcom, Bocom, Mingwan, Perfect Time, 58.com, Qingniu Software, Tianrongxin, Acorn International, UnionPay Business, Kaixin Media, Global English, blog, ATA, Shixin Electronics, etc.