Masayoshi Son is still determined to go ahead with Vision Fund 2 even though some lieutenants have urged a delay.
In the span of a few months, WeWork has gone from one of America’s most valuable unicorn startups to a punchline in investment circles.
The move comes following the success of an earlier US$100 billion fund to invest in tech startups.
The country is vying with nearby Singapore and Thailand to become the dominant force in Southeast Asia for electric cars, part of an effort to fortify the local economy and reduce reliance on imported oil.
Strong American economic data, including Thursday's report showing an increase in durable goods sales in June, has investors fearing a less dovish Federal Reserve announcement.
Oyo, which helps users book hotel rooms from India and China to the UK and US, grew revenue more than four times in June compared with a year earlier.
With few appealing options in Japan, no wonder the likes of Masayoshi Son choose to take their venture-capital dollars elsewhere.
Japanese carries will delay in releasing Huawei' P30 lite Premium smartphone.
Son has been remaking SoftBank Group from primarily a telecommunications operator into a technology investment firm.
One analyst crunched the numbers to find plenty of promise: He figures Masayoshi Son has already made close to US$9 billion on paper.
SoftBank is in talks with Oman for an investment in the fund, which has raised nearly all of its funding so far from Saudi Arabia and Abu Dhabi.
This new venture aims to provide high-speed internet to remote areas by fly networking equipment at high altitudes.
The funding allows Uber to transfer some of the substantial cost of developing self-driving cars onto outside investors.
SoftBank invested in Ola rival Uber and tried to merge the two companies.
Uber has been exploring a deal to bring on outside investors for the self-driving business since last year.
The sum represents a massive 10% of issued shares aimed at improving finances and shareholder returns.
SoftBank is expected to finalise its investment in Grab this month.
SoftBank shares finished the session at 1,282 yen, down 14.5% from the IPO price.
SoftBank will also order equipment for its next-generation 5G network from the two European suppliers instead of Huawei.
SoftBank and its bankers also embarked on a marketing campaign to attract retail investors.
The Japanese technology conglomerate plans to sell 1.6 billion shares at 1,500 yen apiece.
Net profit rose to 840 billion yen (US$7.4 billion) from 103 billion yen during the same period last year, the Japanese mobile giant and IT investor said.
As horrible as this event was, we cannot turn our backs on the Saudi people as we work to help them in their continued efforts to reform and modernise their society.
Son's absence from the stage is in marked contrast to last year's inaugural event, where the 61-year-old Japanese entrepreneur was a notable presence lending credence to Saudi Crown Prince Mohammed bin Salman's efforts to attract foreign investment.