SoftBank Group Corp on May 12 released its performance for the 2021 fiscal year ending March 31, reporting a net loss of 1.7 trillion yen ($15.1 billion), the biggest loss in any fiscal year since its establishment in 1981. Its Vision Fund posted a net loss of 251.6 billion yen ($2.2 billion) in the Chinese market.
In contrast, Vision Fund’s investment income in the U.S. market was 1.77 trillion yen ($15.7 billion) over the same period, and the total income in Asia, Europe, and Latin America excluding China was 1.52 trillion yen ($13.5 billion).
Altogether, Vision Fund and other fund investments lost a combined 3.7 trillion yen ($32.9 billion). One of the biggest losses came from Chinese ride-hailing giant Didi Global Inc….