Technology stocks plummet, SoftBank's Vision Fund loses more than $17 billion in Q1 results


2022-08-08: [Chinese Article Link]  The first financial report for the first quarter of 2023 won, released on Monday by the SFTBY.US, shows that the Vision Fund sector lost a total of 2330 billion yen (approximately $17.23 billion) in the quarter of April-June (as at 30 June 2022), representing a pre-tax loss, mainly due to a substantial reduction in the total value of its portfolio of investments in science and technology. According to the latest data, the combined net loss for the first fiscal season of the Soft and Silver Group amounts to JPY 3160 billion, which earned JPY 761.5 billion in the same period last year, each share of which lost JPY 1950.29 and the share of JPY 394.73 in the same period last year. According to the information received, the Vision Fund under the flag of soft and silver recorded a record loss in May this year, mainly because of the impact of rising interest rates and the volatility of the market caused by geopolitical instability on this science and technology investor. In the first half of this year, a sharp fall in the prices of some of the S&T shares that were heavily invested in soft and silver brought down the value of the investment group’s portfolio, which has lost a net deficit of 3160 billion yen in the last quarter. The net profit for the same period last year was 761.5 billion yen. Masayoshi Son, founder and CEO, will address the financial disclosure meeting at 4.30 p.m. local time, where he has pledged to take measures to tighten investment standards and retain cash in response to the global economic downturn. In the quarter of June, the losses incurred by the listed companies that invested in it included a sharp fall in the share prices of technology companies such as AutoStore Holdings Ltd. (AUTO), a robotic company, UBER.US, a platform for car calls and distribution services. The size of the first public release (IPO) of a significant decline, as well as the skeptical attitude of the global market towards loss-oriented start-ups, have squeezed a significant source of soft and silver finance. After the collapse of the trading plan sold to NVDA.US, Soft and Silver wished to market the ARM, the chip design company that had driven its investment. This global sell-out of the Science and Technology Unit also hit the world's famous hedge fund, Tiger Global, which competes with the “unicorn hunters” in the market and whose return fell by more than 50 per cent in the first half of the year by underestimating the impact of inflation on the market. (Source of article: IBIN)


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.




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Technology stocks plummet, SoftBank's Vision Fund loses more than $17 billion in Q1 results


2022-08-08: [Article Link]  The first financial report for the first quarter of 2023 won, released on Monday by the SFTBY.US, shows that the Vision Fund sector lost a total of 2330 billion yen (approximately $17.23 billion) in the quarter of April-June (as at 30 June 2022), representing a pre-tax loss, mainly due to a substantial reduction in the total value of its portfolio of investments in science and technology. According to the latest data, the combined net loss for the first fiscal season of the Soft and Silver Group amounts to JPY 3160 billion, which earned JPY 761.5 billion in the same period last year, each share of which lost JPY 1950.29 and the share of JPY 394.73 in the same period last year. According to the information received, the Vision Fund under the flag of soft and silver recorded a record loss in May this year, mainly because of the impact of rising interest rates and the volatility of the market caused by geopolitical instability on this science and technology investor. In the first half of this year, a sharp fall in the prices of some of the S&T shares that were heavily invested in soft and silver brought down the value of the investment group’s portfolio, which has lost a net deficit of 3160 billion yen in the last quarter. The net profit for the same period last year was 761.5 billion yen. Masayoshi Son, founder and CEO, will address the financial disclosure meeting at 4.30 p.m. local time, where he has pledged to take measures to tighten investment standards and retain cash in response to the global economic downturn. In the quarter of June, the losses incurred by the listed companies that invested in it included a sharp fall in the share prices of technology companies such as AutoStore Holdings Ltd. (AUTO), a robotic company, UBER.US, a platform for car calls and distribution services. The size of the first public release (IPO) of a significant decline, as well as the skeptical attitude of the global market towards loss-oriented start-ups, have squeezed a significant source of soft and silver finance. After the collapse of the trading plan sold to NVDA.US, Soft and Silver wished to market the ARM, the chip design company that had driven its investment. This global sell-out of the Science and Technology Unit also hit the world's famous hedge fund, Tiger Global, which competes with the “unicorn hunters” in the market and whose return fell by more than 50 per cent in the first half of the year by underestimating the impact of inflation on the market. (Source of article: IBIN)

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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