SoftBank bets on Asia's travel market with investment in Klook

Vision Fund leads $225m funding round for Hong Kong-based activities booking startup

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Klook said it would use the proceeds of the new funding round to expand in Asia, with a key focus on Japan as the 2020 Tokyo Olympics approaches (Photo courtesy of Klook).

WATARU SUZUKI, Nikkei staff writer

TOKYO -- SoftBank Group's massive technology fund has led a $225 million investment round into Hong Kong-based online travel startup Klook, giving the company the firepower to fend off rivals in Asia's fast-growing activities booking market.

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