MIKI Yoshihito
In the three months leading up to September 30, Vision Fund, the flagship division of the Japanese technology giant, reported investment losses of 1.38 trillion yen ($9.75 billion). Its portfolio's worth kept decreasing.
In contrast to the first quarter, when SoftBank reported a loss of 3.16 trillion yen, the second quarter from July to September saw a net profit of 3.03 trillion yen.
Vision Fund has altered the venture capital industry with its purported wagers on companies, but the fund has suffered recently as a result of developments in the global tech sector. CEO Masayoshi Son was compelled to severely reduce fresh investments as a result.
source: bloomberg.com
In contrast to the first quarter, when SoftBank reported a loss of 3.16 trillion yen, the second quarter from July to September saw a net profit of 3.03 trillion yen.
Vision Fund has altered the venture capital industry with its purported wagers on companies, but the fund has suffered recently as a result of developments in the global tech sector. CEO Masayoshi Son was compelled to severely reduce fresh investments as a result.
source: bloomberg.com
