Money - International
SoftBank posts first quarterly net loss in 18 months
A man walks past the logo of the SoftBank telecommunications company in Tokyo, Japan, June 4, 2016. u00e2u20acu201d Reuters pic

TOKYO, Nov 8 — Japan’s SoftBank Group today logged its first quarterly net loss in 18 months on the falling value of investments in its Vision Fund, including Chinese ride-hailing giant Didi Chuxing.

The telecoms firm turned tech investment giant posted a net loss of ¥397.9 billion (RM14.5 billion) in July-September 2021, its first net loss since January-March 2020, dragging first-half net profit down by 80 per cent. — AFP

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