China Blocks SoftBank's Acquisition of ABB's Robotics Unit

• China has blocked SoftBank Group Corp.'s deal to acquire ABB Ltd.'s robots unit.
• The acquisition was valued at $5.4 billion.
• ABB's robotics division is focused on the Chinese market and has a mega-factory in Pudong.
• The Financial Times reported the news, citing unidentified people.
• The deal's future remains uncertain following the block.