Ride-hailing deals bigger blow to SoftBank Vision Fund than WeWork

Ride-hailing deals bigger blow to SoftBank Vision Fund than WeWork

The Vision Fund's $100 million backing for Biofourmis, a U.S. startup that tracks health data using wearable devices, highlights its new focus on early-stage investments. (Photo courtesy of Biofourmis)

SoftBank Group’s Vision Fund took a major hit to profits in the July-September quarter from its investments in ride-hailing companies like Uber Technologies, as transportation and logistics become the make-or-break sector for the fund.

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