Softbank to South Korea business tycoon Coupang 1 billion

NetEase Francisco June 3rd message, according to foreign media reports, Japan’s third largest wireless operator Softbank will be South Korean Internet retailer Coupang investment of $1 billion, which is another important step in Softbank chief Sun Zhengyi to expand its e-commerce Empire strength to get new growth.

is headquartered in Tokyo of Japan’s Softbank said in a statement today, Coupang is South Korea’s largest independent e-commerce company, this investment will be implemented by Softbank’s division, will be completed in early July. Sun Zhengyi 15 years ago, the initial investment of $20 million investment in Alibaba, now worth $72 billion. Sun Zhengyi is currently ranked second in Japan millionaire, it in Asia to the India and Indonesia Tokopedia investment transactions of investment transactions, seems to have acquired the Alibaba investment in reproduction success.

"this is becoming one of the first global Internet Co, Japan investment firm Iwai Securities analyst Kawasaki Yuki Cosmo (Tomoaki Kawasaki) said," the growing global e-commerce market scale, Softbank in other areas will make a similar investment." Softbank spokesman Kurano Hikaruhiro (Mitsuhiro Kurano) said that Softbank will be through the purchase of new shares issued by the implementation of the investment Coupang. The investment will account for the proportion of shares of Softbank Coupang issue, Softbank declined to comment.

investment before the news, Softbank shares today in the Tokyo stock exchange rose 0.5% to 7435 yen, while the benchmark Tokyo stock price index (Topix) fell 0.3%. Since this year, Softbank shares rose 3.1%, while the index rose by 19% over the same period.

said Softbank, Softbank vice chairman Nyikos · Arora (Nikesh Arora) last month joined the board of Coupang, after the completion of this investment will still remain on the board of directors of the company.

in order to replicate the huge success of its investment Alibaba, Sun Zhengyi said he plans to get some 30% to $40% stake in some Asian Internet Co. Softbank has holdings in about 1300 companies, including 32% of the shares held by the Alibaba. "In view of South Korea’s market size, the Softbank would not be a Alibaba," investment company BGC Partners in Singapore, Japan Securities Sales Manager Emile · Anwo L.A.Zadeh (Amir Anvarzadeh) said, "on the other hand, Snapdeal may."

Coupang financing $300 million in December last year, the source said at the time, the financing of its valuation increased to $2 billion. Coupang said last December that the company had 2000>