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SoftBank Group logs $7.2 billion full-year loss on tech woes
SoftBank Group logs $7.2 billion full-year loss on tech woes
Business and Economy
by  AFP

SoftBank Group reported an annual net loss of over $7.2 billion on Thursday after a bruising year for the tech startup sector in which it is heavily invested. The company said its annual net loss came to 970 billion yen ($7.2 billion) on sales of 6.57 trillion yen, reflecting in part major losses from its Vision Fund portfolios.