• Bloomberg, AFP-Jiji

  • SHARE

SoftBank Group Corp. logged a record annual loss at its Vision Fund unit as a global selloff in tech shares pummeled the value of public holdings like Coupang Inc. and Didi Global Inc.

The Vision Fund unit swung to a loss of ¥2.64 trillion for the financial year that ended in March, down from a record ¥4.03 trillion profit in the previous year. It was the biggest annual loss since founder Masayoshi Son repositioned his firm into an investment holding company with the Vision Fund’s launch in 2017.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)