SoftBank posts first quarterly loss in 18 months
TOKYO: Japan’s SoftBank Group on Monday logged its first quarterly net loss in 18 months on the falling value of investments in its Vision Fund, including Chinese ride-hailing giant Didi Chuxing. The telecoms-firm-turned-investment giant posted a net loss of 397.9 billion yen ($3.5 billion) in July-September, its first net loss since January-March 2020. That dragged … Read more
