Chairman of SoftBank Corp Masayoshi Son is stepping down to complete the transition of leadership. CEO Ken Miyauchi will be the new chairman, while Junichi Miyakawa takes over as CEO. Telecom services had long been the cornerstone of Son’s conglomerate, but now Son has been shifting his focus to financial investments. Softbank’s $100 bn Vision Fund has acquired stakes in dozens of startups, of which many are going public in the booming stock market.

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