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,…
