Shares of SoftBank Group Corp (9984.T) fell 5 percent in early trading on Friday after the Japanese technology investor reported a year-over-year loss due to falling portfolio values.
SoftBank reported a net loss of 970 billion yen ($7.18 billion) after the sale of its stake in Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) helped cushion the loss of investment in its unit. Vision Fund.
($1 = 135.0500 yen)
https://www.reuters.com/technology/softbank-shares-fall-nearly-4-bigger-than-expected-loss-2023-05-12/
Category: Japan
