Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund

Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund

6 years ago
Anonymous $L9wC17otzH

https://techcrunch.com/2018/11/20/coupang-raises-2-billion-from-softbanks-vision-fund/

Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank’s Vision Fund — the gargantuan investment vehicle anchored by a $45 billion investment from Saudi Arabia’s PIF sovereign fund — is back in check-writing action.

Coupang, Korea’s largest e-commerce firm, revealed today that it has raised $2 billion from the Vision Fund. The investment comes weeks after SoftBank’s stake in Coupang was transferred over the Vision Fund, as the firm has done with a number of its investment.

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