TOKYO: Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings tomorrow, with the valuations of top portfolio companies slipping and heavyweights departing the Japanese technology conglomerate. Major SoftBank Group assets that went public over the last year and are now trading below their listing price include ride-hailing company Didi Global, e-commerce firm Coupang and used-car platform Auto1 Group.In the quarter that ended Dec 31, artificial intelligence fir

Investors, markets are starting to get worried, ” Boodry said.... Still, “ SoftBank will likely take meaningful losses in the private portfolio too.” A sharp downturn in global stock markets is working against SoftBank’s business model, which Son repositioned into an investment holding company with the Vision Fund in 2016.... All together, Vision Fund’s public portfolio companies are down more than 50% from their all-time highs.To be sure, SoftBank losses are largely on paper, just as his prof