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Softbank's Vision Fund Swaps Splashy Bets For 'Timid' Investing

Softbank's Vision Fund Swaps Splashy Bets For 'Timid' Investing
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Coupang to ramp up investment in Taiwan after four quarters of profits

Coupang to ramp up investment in Taiwan after four quarters of profits
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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ECB Scrambles To Gauge European Banks' Exposure To Collapsing Trade Finance Giant

ECB Scrambles To Gauge European Banks' Exposure To Collapsing Trade Finance Giant
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SoftBank likens itself to a goose laying 'golden eggs' as Vision Fund boasts best results since 2017

What would that make WeWork then? Lindsay Clark Mon 8 Feb 2021 // 20:03 UTC Share Copy SoftBank s Vision Fund, the investment vehicle behind Uber and WeWork, is riding high-flying technology stock, posting its biggest profit for years. The fund, created by SoftBank CEO Masayoshi Son, reported a ¥844.1bn ($8bn) profit in its third quarter ended 31 December 2020 [PDF], surpassing record numbers set just a quarter earlier, and its best results since 2017. The global ballooning of tech stock, driven by cheap money and pandemic restrictions, is to thank. In particular, IPOs have been a boon, including that of DoorDash, the Vision Fund-backed food delivery service which hit a $72bn valuation last December despite posting heavy losses.

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