Masa Son pours money into new fund as Softbank scales back China bets

Softbank CEO Masayoshi Son is doubling down on his investments.

The billionaire investor behind tech companies like WeWork, Alibaba and Doordash plans to invest $2.6 billion of his own money for a 17 percent stake in SoftBank’s most recent venture capital play: Vision Fund 2, he said on Tuesday. Son made the announcement during an earnings call with investors Tuesday — months after SoftBank announced it was tripling the size of the fund to $30 billion following months without any significant fundraising.