SoftBank Vision Fund

The sales will reduce the Japanese conglomerate’s ownership of Alibaba to less than 4%, the paper said.

The stake is revealed as Tan holds some 122.9 million Class B ordinary shares, representing a 2.2% stake in the company.

Keep is now valued at about US$2 billion after the investment and is weighing an initial public offering as soon as this year.

Several SoftBank-backed companies have also pulled off successful initial public offerings, raising the prospects for more in the future.

Rajeev Misra's renumeration for the past business year more than doubles despite US$13 billion worth of losses.

SINGAPORE (Aug 26): Over the next week or so, bonds issued by governments and companies in Europe and Japan that trade with negative yields will cross the US$17 trillion ($23.5 trillion) mark, or five times the combined size of all the economies in Southe

SINGAPORE (Aug 26): Over the next week or so, bonds issued by governments and companies in Europe and Japan that trade with negative yields will cross the US$17 trillion ($23.5 trillion) mark, or five times the combined size of all the economies in Southe

SINGAPORE (April 9): Klook, the Hong Kong-based travel booking platform today announced the completion of its US$425 million ($575.3 million) series D funding after it raised over US$225 million in a series D+ round.

SINGAPORE (Mar 6): Grab Holdings Inc says it has secured US$1.46 billion ($2 billion) of fresh financing from Japan's SoftBank Group Corp to help fund its expansion.

SINGAPORE (Oct 14): SoftBank Group Corp. said it will form a new fund to invest as much as US$100 billion ($138 billion) in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to find tech compani