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Business

SoftBank kicks off $93bn investment fund

Global flow of money to young companies may have new starting point

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SoftBank humanoid robot known as Pepper is seen at the SIdO, the Connected Business trade show, in Lyon, France, on Apr. 6.   © Reuters

TOKYO -- Call it the new linchpin of the global high-tech industry: SoftBank Group, the government of Saudi Arabia and other entities have now launched their much-ballyhooed 10 trillion-yen ($93 billion) investment fund.

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