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Taking Softbank's lead, China, UK managers form $15 billion tech fund

LONDON A China-backed venture plans to raise $15 billion (11.4 billion pounds) to invest in technology companies globally, borrowing several pages from the playbook of Japan's Softbank, whose $100 billion (76.1 billion pounds) Vision Fund transformed the race to identify and build the next tech giants.

Taking Softbank's lead, China, UK managers form $15 billion tech fund

LONDON A China-backed venture plans to raise $15 billion to invest in technology companies globally, borrowing several pages from the playbook of Japan's Softbank, whose $100 billion Vision Fund transformed the race to identify and build the next tech giants.

UPDATE 1-Taking Softbank's lead, China, UK managers form $15 bln tech fund

* Look to replicate success of Softbank's Vision Fund (Adds detail from statement, bullet points, background)

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