TOKYO -- The strategy deployed by SoftBank Group's Vision Fund -- in which it invests billions in disruptive technology companies, who can then outgun the competition -- is facing a harsh reality: Instead of being forced to retreat, key competitors are stepping up the pressure on the fund's flagship investments across Southeast Asia, China and the U.S.
"In our industry, winner takes all," SoftBank CEO Masayoshi Son said last March at the Milken Institute symposium in Tokyo. "By probability, the No. 2 company's [chance of] succeeding is very low."
