SoftBank posts record $13b operating loss as tech bets stumble

SoftBank posts record $13b operating loss as tech bets stumble

Photographer: Kiyoshi Ota/Bloomberg

SoftBank Group Corp on Monday reported a record 1.4 trillion yen ($13 billion) operating loss in the April-March financial year as the value of its tech bets via the $100 billion Vision Fund crumbled.

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