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Jan 24, 2022 04:02 PM
FINANCE

SoftBank to Expand Vision Fund Staff for More Japan Investment

Pedestrians walk past a SoftBank sign outside a store in Tokyo in November 2018. Photo: Bloomberg
Pedestrians walk past a SoftBank sign outside a store in Tokyo in November 2018. Photo: Bloomberg

(Bloomberg) — SoftBank Group Corp. plans to expand the Japan investment team for its Vision Fund, adding staff and stepping up dealmaking after putting little of its money into its home country in the past. 

Founder Masayoshi Son raised about $100 billion for his first Vision Fund and has allocated $51 billion for a second, but he has made most of his investments overseas, particularly in the U.S. and China. Only two of his investments have been in domestic startups. 

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