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SoftBank to expand Vision Fund portfolio to 500 companies, Son says

CEO takes lesson from Greensill failure but says 'Alibaba was also loss-making'

SoftBank Group chairman and CEO Masayoshi Son speaks to Nikkei in Tokyo on May 13. (Photo by Masaru Shioyama)

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son told Nikkei on Thursday that his Japanese tech conglomerate wants to more than double its Vision Fund portfolio to 500 companies, bringing dozens to public markets every year.

The ambition comes despite big gyrations in the values of SoftBank's tech portfolio and shows that Son -- who said his investments took "courage" -- is intensifying his group's focus on using its multibillion dollar Vision Funds to pick new tech winners.

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