SoftBank invests $2 billion in Korea e-commerce firm Coupang
SoftBank's $100-billion Vision Fund has invested $2 billion in Korean e-commerce firm Coupang. The deal, which is entirely new stock with no secondary sales, raises Coupang's total funding to $3.4 billion so far. The funding reportedly values Coupang at $9 billion post-money. Founded in 2010, the firm claims to be approaching $5 billion in revenue for 2018.