SoftBank Group Corp., a Japanese venture capital firm, announced its performance for the second quarter (April – September) on Nov. 8. Its Vision Fund lost $7.96 billion, resulting in a $3.58 billion loss in investment income, down $21.98 billion from the same period last year. Chinese media have called it the biggest “victim” of the collapse of China’s internet giants. In SoftBank’s second quarter performance network conference on Nov. 8, founder and Chairman Masayoshi Son briefly reviewed the Group’s impressive results for the last few quarters before announcing the investment loss. After that, he showed a video of a relentless winter blizzard—symbolizing SoftBank’s plummeting second quarter results. SoftBank’s Net Asset Value fell from $244 billion on June 30 to $187 billion on Sept. 30. Among them, Alibaba Group’s share of net asset value fell to 28 percent in one year from 59 percent on Sept. 30, 2020, due to the …