SoftBank founder and CEO Masayoshi Son said the corporate will slow its investment pace, especially in China.
Japan-headquartered internet and telecommunications firm SoftBank revealed today a ¥3.5 trillion ($27.4bn) loss in its Vision Funds for the financial year ended on March 31.
The figure represents the largest loss since the first Vision Fund formed in 2017, and the investment vehicles will adopt a “defensive” approach and decelerate their dealmaking pace this year, according to SoftBank founder and chief executive Masayoshi Son.
Vision Funds’ performance resulted in a ¥1.7 trillion ($13.12bn) annual loss for SoftBank Group, whose shares…
