Softbank is reshaping tech in a massive way. Here’s how it became so big

Softbank is reshaping tech in a massive way. Here's how it became so big

One of many greatest energy gamers in Silicon Valley is predicated about 5,000 miles away from California.

Softbank, the large Japanese conglomerate, began as a software program distributor within the 1980s, grew right into a telecom large and now spans telecommunications, e-commerce, finance, know-how providers, semiconductor design, media and advertising, robotics and even baseball.

Final 12 months, Softbank invested in additional than half of the highest 10 greatest investments in VC-backed start-ups, together with WeWork, Indian e-commerce large Flipkart, and ride-hailing giants Didi Chuxing, Seize and Ola.

SoftBank’s Imaginative and prescient Fund is the most important know-how funding fund in historical past. Whereas the $100 billion fund is primarily backed by Softbank, it additionally contains huge investments from Apple, Qualcomm, Sharp and the sovereign wealth funds of Saudi Arabia and the United Arab Emirates.

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