TOKYO: SoftBank Group Corp plans to create a new US$100 billion (RM414 billion) fund every two to three years, its Chief Executive Masayoshi Son told Bloomberg Businessweek in an interview published on Thursday.
Son has attracted more than US$93 billion to his Vision Fund technology investment vehicle, and has flagged his intention to raise further financing.
Son plans to spend around US$50 billion annually, he told Bloomberg. The Vision Fund has made investments in technology companies including ride-hailing firm Uber Technologies Inc and shared-office space firm WeWork.