SoftBank Loses Alibaba’s Jack Ma and Posts Worst Losses in History

by Aurelia Butler 18 May 2020, 20:20 199 Views

According to a May 17 report by Japanese publication Nikkei, Ma’s departure announcement amid Softbank’s Vision Fund reporting record-breaking losses of 1.8 trillion yen ($16.7 billion). Softbank’s total annual losses accounted for 1.36 trillion yen ($12.7 billion) for the year ending March 31, the company reported.

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SoftBank Loses Alibaba’s Jack Ma and Posts Worst Losses in History

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