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Companies

Ride-hailing is key investment for SoftBank fund: Masayoshi Son

Founder says Uber, Didi, Grab and Ola likely to seek listings in near future

TOKYO -- Japan's SoftBank Group is moving stakes it holds in ride-hailing companies including Uber Technologies, Singapore's Grab and China's Didi Chuxing into its Vision Fund, consolidating its control over these companies.  

Chairman and CEO Masayoshi Son revealed the plans Wednesday. The group bought a 15% stake in Uber in January this year. Stakes in ride-hailing services were previously kept apart from the Vision Fund, which was set up in 2017, backed by Saudi Arabia's sovereign fund, Public Investment Fund.

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