Softbank buys 14% stake in China's Oak Pacific Interactive
Japanese Internet conglomerate Softbank Corp. said Wednesday that it bought a 14% stake in privately held Chinese Internet company Oak Pacific Interactive for about $96 million as it aims to increase its presence in the world's fastest-growing market.
Bank of America Corp said on Monday it would boost its stake in China's third-largest bank, China Construction Bank , to 19.1 percent from 10.75 percent.