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Before the meltdown at WeWork and the outbreak of the coronavirus pandemic, Masayoshi Son said he would like to raise a new Vision Fund every two to three years after his initial $100 billion fund. Now the first Vision Fund looks like it could be the last.

SoftBank Group Corp. announced Monday that the Vision Fund lost ¥1.9 trillion ($17.7 billion) last business year, triggering the worst loss ever in the company’s 39-year history.

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