SEOUL -- South Korean e-commerce leader Coupang will receive a follow-up investment of $2 billion from Japan's SoftBank Group to strengthen its signature logistics network to propel further growth.
The money will come from the Japanese conglomerate's huge technology investment vehicle, the SoftBank Vision Fund, Coupang said. SoftBank is already the top shareholder with its initial 2015 investment. The group's total investment in Coupang will now reach $3 billion.
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