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SoftBank Group Corp. will continue to invest in Latin America this year, focusing on industries including e-commerce, health care and fintech.

As part of its $5 billion Latin America Fund launched in the first quarter of 2019, the Japanese giant plans to dole out $1 billion in 2020, adding to last year’s $1.6 billion. It’s poured $100 million to $150 million into each of 17 companies and two venture capital firms so far, though the playing field is bigger: SoftBank has its sights on roughly 650 firms in the region.

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