The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo
SoftBank Group Corp plans to create a new $100 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 $93 billion to his Vision Fund technology investment vehicle, and has flagged his intention to raise further financing.

Son plans to spend around $50 billion annually, he told Bloomberg. The Vision Fund has made investments in technology companies including ride-hailing firm Uber Technologies Inc [UBER.UL] and shared-office space firm WeWork.

(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)


Source: Reuters