SoftBank launches US$108 billion investment fund | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

SoftBank launches US$108 billion investment fund

SoftBank Group is now increasingly becoming an investment firm, taking stakes in leading tech start-ups from Uber to WeWork through its first Vision Fund, which was largely backed by Saudi Arabia. – AFP pic, July 26, 2019.

JAPAN’S SoftBank Group today announced the successor to its blockbuster Vision Fund, a new US$108-billion vehicle with backing from banks and tech firms that it said would accelerate the “AI revolution”. SoftBank Group itself will plough US$38 billion into the fund, which will also include investments from Apple, Microsoft, Foxconn, a range of Japanese banks, Standard Chartered, and the National Bank of Kazakhstan.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

One of the good bank. Help start up !

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Turkey eyes more Malaysian investments in defence industry | The Malaysian InsightPresident says he, Dr Mahathir Mohamad have made 'significant decision' to cooperate further, especially with regard to the economy.
Source: msianinsight - 🏆 8. / 63 Read more »