SoftBank’s Chief Seeks to Boost Investment in Indonesia
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SoftBank Group Corp. will invest $2 billion in Indonesia through ride-hailing giant Grab over the next five years and plans to explore investment opportunities in the country’s electric battery and renewable energy sectors.
The Japanese conglomerate, which announced plans last week to raise a total of $108 billion for its second Vision Fund, will also increase its investment in e-commerce startup PT Tokopedia, SoftBank founder Masayoshi Son told reporters in Jakarta after his meeting with President Joko Widodo on Monday.