SoftBank writedowns cause ripples across Asia as startups brace for 'tech winter'

SoftBank writedowns cause ripples across Asia as startups brace for 'tech winter'

Photograph: Bloomberg

SoftBank Group’s massive $9 billion loss on Vision Fund investments such as WeWork is rippling across Asia’s technology scene, with startups scrambling to change their business plans amid a new “tech winter” that can no longer count on endless capital from Masayoshi Son.

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