SoftBank Vision Fund posts another quarterly loss as tech slump bites


SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.

Kentaro Takahash | Bloomberg | Getty Images

SoftBank’s flagship investment arm the Vision Fund posted its fourth straight quarterly loss on Tuesday as a slump in technology valuations continues to hit the Japanese giant.

The Vision Fund segment posted a pre-tax loss of 660 billion Japanese yen ($5 billion) for the December quarter. SoftBank’s Vision Fund’s loss on investments came in at 730.35 billion yen over the three-month period.

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Source cnbc.com

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