Billionaire Johnson Family Shelves Plan to Sell China Assets

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.

Eight Roads had planned to unload its investments in about 40 tech companies for roughly $400 million, the people said, a steep discount to their peak combined valuation of about $1 ...