Billionaire Johnson’s VC Fund Is Said to Shelve Sale of 40 China Tech Firms

Eight Roads, a venture capital firm backed by Fidelity Investments’ billionaire Johnson family, has shelved plans to sell its holdings in dozens of Chinese technology companies as geopolitical factors become less of a hurdle and valuations improve, according to people familiar with the matter.

The decision was made despite talks reaching an advanced stage, the people said, asking not to be identified because the information isn’t public.