Jack Ma steps down from SoftBank board as record losses loom

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SoftBank used these assets as collateral to help transform a telecommunications company into the world’s largest and most powerful technology investor. Thanks to the company’s $ 100 billion Vision Fund, partially funded by sovereign wealth funds in Saudi Arabia and Abu Dhabi, Mr. Son has injected huge capital into cutting-edge and often risky start-ups, businesses which, he says, have the potential to effectively monopolize entire industries.

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