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Jakarta Post

Indonesia in Softbank’s $108b Vision Fund radar

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Tue, July 30 2019   /  12:41 am

Japanese multinational conglomerate holding company SoftBank Group Corp. has set its eyes on Indonesia as an investment target in its US$108 billion Vision Fund.

The technology fund, namely SoftBank Vision Fund 2, was launched last week and followed the first round of funding worth $100 billion announced in 2017. The second Vision Fund, with the financial backing of technology giants Apple and Microsoft, among other investors, will focus on financing companies in the artificial intelligence sector.

The first Vision Fund supports several big start-up names, including US-based ride hailing firm Uber and workspaces-sharing firm WeWork as well as UK-based start-up Improbable.

Now, SoftBank’s founder and CEO Masayoshi Son turns to Indonesia with plans to invest in the country’s digital economy landscape. He is starting by investing $2 billion through Singapore-based r...