SoftBank Vision Fund posts $26 bln loss; Son pledges defence – Reuters
- Date: 15-May-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
- Who else needs to know?
SoftBank Vision Fund posts $26 bln loss; Son pledges defence – Reuters
TOKYO, May 12 (Reuters) - Japan's SoftBank Group Corp (9984.T) reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability whiplashed high-growth tech stocks.
The loss was in stark contrast to a year earlier when SoftBank delivered a record annual profit, putting founder and CEO Masayoshi Son's strategy of concentrating heavily on riskier, high-growth stocks under more scrutiny.
Investors are now increasingly questioning whether many of the once high-flyers it has invested in have a clear path to profitability. South Korean e-commerce firm Coupang is trading 70% below its listing price. Ridehailers Didi Global Inc (DIDI.N) and Grab Holdings , also tumbled during the January-March quarter.
Vouri was launched as a men’s brand in 2015 by Joe Kudla. Today, the retailer’s growth is being fueled by a $400 million investment from SoftBank Vision Fund 2 that put Vuori’s value at $4 billion. https://retailleader.com/rl-pro-exclusive-qa-vuori-shares-brick-and-mortar-expansion-plans
Most Active #Startup Investors Hit The Brakes In 2022
https://news.crunchbase.com/venture/startup-investors-funding-q4-2022/ #VC
@Tiger_Global remains on top for 2022 despite the aggregate value of rounds it led — $22.3B — being 60% < 2021. @SoftBank Vision Fund was No. 2 followed by another usual suspect, @InsightPartners.
🇺🇸Microsoft、Softbank Vision Fund出資先DPU(データ処理装置)を手掛けるFungibleを買収! https://www.itmedia.co.jp/news/articles/2301/10/news110.html
Happy to Announce RAD AI latest Win & Partnership is with Firework,the Leading Live Stream Company that also Boasts an Impressive Video Commerce Platform.They recently raised $150 Million Series-B from Softbank Vision Fund & a Total of $235 MiL from Softbank
Flexport, which is backed by Andreessen Horowitz, MSD Partners and SoftBank Group Corp.’s Vision Fund, is cutting about 20% of its global workforce, or more than 600 workers
https://www.wsj.com/articles/freight-forwarder-flexport-is-laying-off-20-of-its-workforce-11673468390
Japanese #LegalTech LegalOn Launches in US | http://Law.com International
Backed with over $130 M in funds from investors, including $101 million from Softbank’s Vision Fund 2 this year, LegalOn has among its clientele Japanese multinationals. https://www.law.com/international-edition/2022/12/05/japanese-legal-tech-firm-launches-in-us/
இன்று உலகை இயக்குபவர்கள் யார் என்று கேள்வி வந்த பொழுது அதற்கான பதிலாக இது கருதப்பட்டது.
1. *"Google"* CEO ஒரு... *"இந்தியன்"*.
2. *"மைக்ரோசாப்ட்"* CEO ஒரு... *"இந்தியன்"*.
3. *"சிட்டி குரூப்"* CEO ஒரு... *"இந்தியர்"*.
4. *"SoftBank Vision Fund"* CEO ஒரு... *"இந்தியன்"*.
[email protected] sacks 20% of team for the second time in seven months.
The company, which raised $100 million in funding led by SoftBank Vision Fund 2 in September 2021, also laid off 20% of its workforce last June.
https://www.calcalistech.com/ctechnews/article/hjvdymj5o
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🍓🍬🍫🍿🍩🍪🍒🍈🥑🍳🥚🍤🍒🍊🍯🍞🥐🥖🥞🍯🍞🥐🥖🍎🍐🍊🥫🍳🥚🍋🍌SoftBank suffers historic loss with $27bn blow to Vision Fund # Why the investment sweet spot may no
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🍓🍬🍫🍿🍩🍪🍒🍈🥑🍳🥚🍤🍒🍊🍯🍞🥐🥖🥞🍯🍞🥐🥖🍎🍐🍊🥫🍳🥚🍋🍌SoftBank suffers historic loss with $27bn blow to Vision Fund # Plus, the groups holding back from condemning Putins war
SoftBank Vision Fund出資先ByteDance バイトダンス(字節跳動)、米JPモルガンと提携 決済分野に参入! https://36kr.jp/217130/
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# Plus, a whistle-stop tour of the stories that you may have missed over the summer holidays 🍓🍬🍫🍿🍩🍪🍒🍈🥑🍳🥚🍤🍒🍊🍯🍞🥐🥖🥞🍯🍞🥐🥖🍎🍐🍊🥫🍳🥚🍋🍌SoftBank suffers historic loss with $27bn blow to Vision Fund
# Beijing will need to deploy big bazooka to end crisis of confidence among homebuyers, market participants say 🍓🍬🍫🍿🍩🍪🍒🍈🥑🍳🥚🍤🍒🍊🍯🍞🥐🥖🥞🍯🍞🥐🥖🍎🍐🍊🥫🍳🥚🍋🍌SoftBank suffers historic loss with $27bn blow to Vision Fund
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Is SoftBank’s Vision Fund The “Most Powerful Investor In The World”? https://www.methodeva.com/blog/2018/06/is-softbanks-vision-fund-the-most-powerful-investor-in-the-world/?utm_source=twitter&utm_medium=Twitter&utm_campaign=Renew #venturecapital #softbank #innovation #riskprofile
SoftBank Vision Fund 2(ソフトバンクビジョンファンド 2)出資先🇨🇳ロボット開発JAKA Robotics(節卡機器人)、新規株式公開(IPO)申請! https://36kr.jp/217089/
# Analysis of more than 3,000 public messages shows a systematic misalignment on climate-related activities 🍓🍬🍫🍿🍩🍪🍒🍈🥑🍳🥚🍤🍒🍊🍯🍞🥐🥖🥞🍯🍞🥐🥖🍎🍐🍊🥫🍳🥚🍋🍌SoftBank suffers historic loss with $27bn blow to Vision Fund
# Ownership highlights how digital asset players are encroaching on traditional markets 🍓🍬🍫🍿🍩🍪🍒🍈🥑🍳🥚🍤🍒🍊🍯🍞🥐🥖🥞🍯🍞🥐🥖🍎🍐🍊🥫🍳🥚🍋🍌SoftBank suffers historic loss with $27bn blow to Vision Fund
# Despite selling electricity at record prices, the industry is sliding into a liquidity crisis 🍓🍬🍫🍿🍩🍪🍒🍈🥑🍳🥚🍤🍒🍊🍯🍞🥐🥖🥞🍯🍞🥐🥖🍎🍐🍊🥫🍳🥚🍋🍌SoftBank suffers historic loss with $27bn blow to Vision Fund