![(FILES) This file photo taken on May 9, 2019 shows the Softbank Group logo on a podium during a press conference to announce the company's financial results in Tokyo. Japan's SoftBank Group on July 26, 2019 announced a new 108-billion USD investment fund, the long-mooted successor to its blockbuster Vision Fund, with partners including Apple and Microsoft. / AFP / Charly TRIBALLEAU](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/Z4X65XYLNLIJXVRIWHYFGLHEXU.jpg?smart=true&auth=50283b8d0d335375ec144cfd2ccd429e62684ac655ce97db5b2ca8ce4dd6dfe8&width=400&height=225)
Oyo Hotels, which is backed by SoftBank is firing thousands of staff across China and India to trim costs. AFP
Oyo Hotels, which is backed by SoftBank is firing thousands of staff across China and India to trim costs. AFP
Softbank to launch second Vision Fund with $108bn backing from global tech giants
Microsoft and Apple among those committed to the fund. The first Vision Fund had Saudi and Abu Dhabi funds as its backers