SoftBank Vision Fund set to lead over $3b round in Alibaba's Ele.me

SoftBank Vision Fund set to lead over $3b round in Alibaba's Ele.me

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Photographer: Mark Kauzlarich/Bloomberg

SoftBank Group Corp.’s monster Vision Fund plans to lead an investment of $3 billion to $5 billion into Ele.me, the food delivery giant owned by Alibaba Group Holding Ltd., people familiar with the matter said.

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