June 16, 2021

Politics & News

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SoftBank’s $17.7 Billion Profit Sets New Record in Japan

1 min read

Coupang, the South Korean e-commerce leader, contributed $24.5 billion to Vision Fund’s profit in the fourth quarter, SoftBank said in the statement. The $4.6 billion offering was the second biggest this year and marks Son’s best return since Alibaba Group Holding Ltd.’s listing in 2014. Auto1 Group SE, a German wholesale platform for used cars which went public in February, contributed $1.8 billion of the gains, while Uber posted a $200 million loss.

Pavel Alpeyev
2021-05-12 03:18:04

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