The telecoms and internet conglomerate revealed the gain after expanding its second Vision Fund to $40bn last month.

Telecommunications and internet group SoftBank’s Vision Funds booked a ¥236bn ($2.14bn) annual profit in the first quarter of 2021, according to earnings results published today.

The news came after SoftBank increased the size of its Vision Fund 2 to $40bn in July this year, securing consumer electronics manufacturer Apple and software producer Microsoft as limited partners, having first boosted its size from $10bn to $30bn two months before.

South Korea-based e-commerce platform Coupang, a Vision Fund portfolio company,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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