SoftBank کا وژن فنڈ Q10 سے Q1 2 تک $2021B گر گیا

SoftBank Group Corp. showed its Vision Fund dropped about $10 billion during its first quarter to the second quarter of the fiscal year 2021, according to the company’s financial رپورٹ during a six-month period ending on September 30, 2021. 

The decline comes at a time when share prices in some of its portfolio companies also dropped and China’s increase in regulation on tech-based companies impacted its investments’ performance. 

The company said it will spend up to $9 billion to buy back about 15% of its shares. The رپورٹ is a signal that China’s corporate crackdown is affecting companies and investors alike. 

Although the Japanese-based technology investor has business ties to China, SoftBank CEO Masayoshi Son said its China risk is “not so huge,” Wall Street Journal رپورٹ کے مطابق. 

The SoftBank Vision Fund 1 focuses on medium- to long-term perspectives and large-scale investments for companies leveraging artificial intelligence (AI) while having a “unicorn” status, which is when the valuation is greater than $1 billion, it said in the report. Separately, Vision Fund 2 launched in October 2019 and aims to “facilitate the continued acceleration of the AI revolution through investment in market-leading, tech-enabled growth companies across vintage years,” it said. 

“We are in the middle of a blizzard,” Son نے کہا during a news conference. He mentioned he was “not proud” of this quarter’s reports on its Vision Fund and said the company would make future steps to double its “golden eggs,” or good investments, compared to last year. 

SoftBank has continuously made headlines for its big investments in the crypto space through its Vision Funds. Most recently, the firm led a $ 93 ملین راؤنڈ for The Sandbox, an open NFT metaverse platform. In the past, it has led rounds ranging from 680 ڈالر ڈالر for a NFT Soccer Platform Sorare to lower levels like 60 ڈالر ڈالر for a blockchain analytics firm Elliptic. 

Separately, earlier this month China state media reported that three of the country’s major technology giants signed a self-regulatory pledge to keep their growing NFT marketplaces away from cryptocurrencies. This news came at a time when Chinese regulators reinforced their position that bitcoin is without legal standing, but NFTs are allowed some room to operate, Blockworks previously رپورٹ کے مطابق. 

ہر شام اپنے ان باکس میں دن کی سرفہرست کرپٹو خبریں اور بصیرتیں حاصل کریں۔ بلاک ورکس کے مفت نیوز لیٹر کو سبسکرائب کریں۔ اب.

Source: https://blockworks.co/softbanks-vision-fund-fell-10b-from-q1-to-q2-2021/