TOKYO— SoftBank Group Corp. reported its first quarterly net loss in a year and a half after China’s stricter regulations on technology companies caused a sharp stock selloff and weighed on SoftBank’s investment portfolio.
The Japanese conglomerate, best known for its $100 billion Vision Fund and one of the world’s leading funders of Chinese startups, posted a loss of ¥398 billion, equivalent to $3.5 billion, for the quarter ended Sept. 30.
Source: News Formal (newsformal.com)
Hard situation for soft bank ! Lol😆😆😆
How rude! Japan building aircraft carriers and ruining our stock portfolio’s!
Otra vez, la bocanada de fuego del dragón chino los vuelve a chamuscar
Loss on paper
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