SoftBank Claws Back Into the Black After Historic Losses

SoftBank Claws Back Into the Black After Historic Losses

Asset sales and a hot stock market have helped fuel a rebound for the beleaguered Japanese conglomerate, which runs the world's largest tech fund.Masayoshi Son, SoftBank's chief executive, in 2018. Mr. Son has said he has a 300-year vision for the company, which includes investing in emerging technologies like artificial intelligence.Credit...Kim Kyung Hoon/ReutersBy Ben DooleyTOKYO — Just four months ago, Masayoshi Son, the daring billionaire who leads the Japanese conglomerate SoftBank, looked as if he might lose it all. His company had just announced the largest annual loss of any firm in the history of corporate Japan. And tens of billions of dollars in investments he had made in high-tech industries like ride-sharing and hospitality looked set for even more devastating losses as the coronavirus pandemic limited the movement of