<article>Masayoshi Son-led SoftBank Vision Fund is in advanced talks to open an office in China and expand its team in Singapore, said a person privy to the development.</article>

Masayoshi Son-led SoftBank Vision Fund is in advanced talks to open an office in China and expand its team in Singapore, said a person privy to the development.
SoftBank Vision Fund currently has offices in London, Silicon Valley and Tokyo. It lists Singapore as an additional office on its website.
The $100-billion venture fund plans to recruit about 10 people each in Singapore and China, the person told DEALSTREETASIA on condition of anonymity, adding that the office in China is likely to be set up in Shanghai.
It is understood that Anna Lo, Asia director, SoftBank Vision Fund, is also expected to relocate from Silicon Valley to Singapore this year. Lo, a long-time employee at SoftBank, currently manages SoftBank’s Bodhi fund, which focuses on early-stage companies in China, India and Southeast Asia.
Originally from Taiwan, Lo joined SoftBank in 2006 and spent over 13 years with SB China and India, forming and managing the Japanese conglomerate’s Asia portfolio. She also spent over a year as project director of SB Product Group. In 2014, Lo was appointed director for SoftBank Group International, and was promoted to director of SoftBank Investment Advisers in 2017.
SoftBank Vision Fund’s expansion in Asia underscores its growing focus on the region as it begins to shore up its investments here. The Saudi-backed venture fund recently invested in a plethora of companies in Asia such as Hong Kong-based travel unicorn Klook, Chinese robotic startup Cloudminds; Chinese car trading platform Chehaoduo, and Delhivery, an Indian logistics startup.
Its earlier portfolio companies in the region include Grab, OYO, Paytm and Tokopedia, among others.
SoftBank&#8217;s Vision Fund is reportedly raising another $100 billion, in a bid to invest in late-stage tech deals. Its Seoul-based, early-stage ventures arm, SoftBank Ventures Asia is also in talks to raise as much $500 million for its upcoming fund. It is also casting its eye on overseas investments. SoftBank recently announced that it was launching a $5-billion fund focused on Latin America.
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Masayoshi Son-led SoftBank Vision Fund is in advanced talks to open an office in China and expand its team in Singapore, DEALSTREETASIA has learnt.

SoftBank Vision Fund to set up office in China, expand presence in Singapore

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