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SoftBank Vision Fund Posts a Record Loss on Coupang’s Plunge

  • The Vision Fund lost $7.3 billion in September quarter
  • The unit booked $17.7 billion unrealized loss on public stakes
A SoftBank Corp. store in Tokyo on Nov. 7.
A SoftBank Corp. store in Tokyo on Nov. 7.Photographer: Kiyoshi Ota/Bloomberg
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SoftBank Group Corp. reported a record loss at its Vision Fund unit as the value of public holdings like Coupang Inc. and Didi Global Inc. plunged.

The unit’s loss in the three months ended Sept. 3O was 825.1 billion yen ($7.3 billion), exceeding the 788.6 billion yen loss the business posted amid pandemic-driven writedowns. Overall, the Tokyo-based company had a net loss of 397.9 billion yen in the period.