SoftBank’s Vision Fund 2 Plans to Begin Investing as Soon as Next Month
CRETech
·
1 minute read
TOKYO—The sequel to the world’s biggest technology investment fund could start investing billions of dollars as early as next month, SoftBank Group Corp. 9984 -2.72% said as it reported strong growth in its original fund.
SoftBank on Wednesday said its profit from the existing Vision Fund jumped 66% in the April-June quarter from a year earlier. Unrealized gains from Indian budget hotel booking company Oyo, San Francisco-based workplace-messaging service Slack Technologies Inc.and food-delivery service DoorDash Inc. helped to offset valuation falls in ride-hailing company Uber Technologies Inc. and other investments, the company said.
