Fading Vision? How COVID-19 hit SoftBank's $100b Vision Fund

REUTERS/Issei Kato

Investors have been given a glimpse of plunging valuations at some of the world’s biggest startups after SoftBank Group admitted the Vision Fund — its $100bn wrapper of tech investments — had suffered a 1.8 trillion yen ($16.7 billion) investment loss in the year ended March.

SoftBank had reported a 798 billion yen loss for the fund in the nine months until December, indicating that it was hit by an additional one trillion yen loss in the January-March quarter as the new coronavirus outbreak wreaked havoc across financial markets.

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