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Trump Victory Excites Japanese Institutional Investors

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Will there be a resurgence of Japanese capital into the United States?

Photo Credit: CNBC

Photo Credit: CNBC

In the 1980s and 1990s, Japan was a major foreign investor into the United States, buying up equities and prized real estate. Japan’s Government Pension Investment Fund (GPIF) earlier indicated that a push for U.S. infrastructure spending would intrigue the public fund into backing such investments. Many Asian wealth funds see the infrastructure spending effect could trickle down and spur U.S. consumption spending. A number of Asian wealth funds have been investing in mezzanine debt in hotel properties in core markets such as the Korean Investment Corporation (KIC).

Japanese conglomerate SoftBank Group has been raising money for its US$ 100 billion technology fund, SoftBank Vision Fund. This technology fund has raised money from Saudi Arabia’s Public Investment Fund (PIF) and other cash-rich investors. The Vision Fund could partake in a number of investments. For example, Foxconn Technology Co. Ltd., a major supplier for Apple Inc., had started studying moving iPhone production to the United States. There was concern that a Trump presidency could force Apple to make a certain number of smartphone pieces in the United States. If such a forced move would come true, entities such as SoftBank could introduce more high-tech manufacturing using robotics and automation into the U.S.

Softbank CEO Masayoshi Son met with U.S. President-elect Donald Trump at Trump Tower. Son indicated that the fund may invest up to US$ 50 billion into the United States.

As journalists circle Trump Tower daily, Trump told the waiting reporters on December 6, 2016, “Ladies and gentlemen, this is Masa from Japan.”

He added, “He’s just agreed to invest $50 billion in the United States and 50,000 jobs. He’s one of the great men of industry, so I just want to thank you very much. Thank you.”

Son responded, “I just came to celebrate his new job.” He added, “This is great, the U.S. will become great again.”

U.S. President-elect Trump later tweeted:
trump_twitter_dec62016_1

Youtube is Crashing

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Youtube, a video service of Google, is crashing. Institutional investors are major investors in Alphabet, the parent company of Google.

At 6:41 PM on October 16, 2018, Team YouTube tweeted, “Thanks for your reports about YouTube, YouTube TV and YouTube Music access issues. We’re working on resolving this and will let you know once fixed. We apologize for any inconvenience this may cause and will keep you updated.”

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Investors Eye Tencent’s Next Moves

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Formed in Shenzhen in 1998, Chinese tech giant Tencent Holdings Limited is the largest gaming company in the world and the largest gaming market is in China. In August 2018, China’s Education Ministry disclosed its monitoring how many new games are coming online. Tencent needs approval from the Chinese government to publish games. In 2017, almost 9,000 games were approved in China compared to only 1,931 in 2018. Chinese President Xi Jinping is keen on combating shortsightedness in children from the overuse of video games.

Anime

Tencent will inject US$ $317.6 million into Chinese streaming site Bilibili in return for 12.3 % equity in the company. Bilibili is a video sharing site known for streaming anime, comics, and games. Tencent’s investment follows previous funding rounds from Tiger Global Management, Wells Fargo, JPMorgan Chase, BlackRock, and Alkeon Capital Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ireland Strategic Investment Fund Signs MoU with IFC

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The International Finance Corporation (IFC) and the Ireland Strategic Investment Fund (ISIF) inked a Memorandum of Understanding (MoU) that will initially focus on investment opportunities in the food and agriculture sector, given its strength and importance for the Irish economy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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