Being a big market player, SoftBank Group Corp. knows pretty well that investment in the global tech giants is a far-reaching and lucrative strategy. This is why the Japanese conglomerate did not hesitate and invested nearly $3.9 billion in 25 leading tech companies, including Amazon, Tesla, Netflix, and Alphabet.
According to a filing with the US Securities and Exchange Commission, SoftBank purchased $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe Inc., $189 million of Netflix, and $122.9 million of Tesla.
Softbank Chief Executive Masayoshi Son last week said that they would expand their asset purchase program. In the near future, the Japanese conglomerate plans to invest more than $10 billion in shares of companies in the IT sector. The new asset management will be responsible for the asset purchase strategy, diversifying investments in tech companies.
Among SoftBank's other investments are Microsoft securities worth $183 million, shares in PayPal Holdings ($111.5 million), and Zoom Video Communications ($108.8 million). Notably, the conglomerate may also have stakes in several Chinese companies including streaming giants Bilibili Inc. and iQiyi Inc. as well as Singapore’s Sea Ltd. The company's investment in Nvidia, a leading global chip manufacturer, reached $180.9 million. SoftBank has previously invested in Facebook and Apple but these companies were not included in the list submitted to the SEC.
