SoftBank's Vision Fund tumbles to $18b loss amid coronavirus outbreak

SoftBank's Vision Fund tumbles to $18b loss amid coronavirus outbreak

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

Japan’s SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son’s conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn.

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