SoftBank invests $2b in Korean e-commerce unicorn

SoftBank Vision Fund has invested $2 billion in Coupang, one of South Korea's largest e-commerce platforms, to help it speed up its growth.

Proceeds will allow Coupang to invest more technology into consumer services, and are the follow-on of SoftBank’s Group’s $1 billion investment in June 2015. SoftBank has put more money into the company to prepare it for an IPO. Coupang, it believes, is taking the market.

SoftBank, Sequoia Capital, and three other investors injected $100 million in Coupang in 2014, followed by a $300 million round in the same year in December from BlackRock, Wellington...