SoftBank Group founder and Chairman Masayoshi Son on Monday will try to persuade investors that his company’s giant investment fund can bounce back from a 1.8 trillion yen ($16.7 billion) annual loss that dragged the technology conglomerate to its worst-ever result.
New funding deals and initial public offerings are drying up around the world amid the economic uncertainties brought on by the coronavirus pandemic. That is a major headwind for SoftBank’s $100 billion Vision Fund, which had expected many of its investments to go public soon.
