Control of Arm's China business transferred to Chinese investors

Control of Arm’s operations in China has been transferred to a jv controlled by Chinese investors.

The jv is called ‘Arm mini China’ and Chinese investors own 51% of the jv’s equity.

The other 49% is held by Softbank.

There is talk of an IPO of Arm mini China which might help reduce Softbank s $147 billion debt.