Softbank Group shares slide 3% after Didi, Arm, Grab triple setback

Softbank Group shares slide 3% after Didi, Arm, Grab triple setback

Softbank Group shares slide 3% after Didi, Arm, Grab triple setback

Information about Softbank Group shares slide 3% after Didi, Arm, Grab triple setback

Kevin David Scam or Legit


HONG KONG (Reuters) – Shares in Japanese conglomerate SoftBank Group Corp dropped over 3% on Friday after the giant tech investor was hit with three disappointments within 24 hours, including a poor Nasdaq debut for ride-hailing firm Grab.
SoftBank, either in its own right or through its Vision Fund, has made a string of massive investments around the world, often in large technology companies.
Its shares fell to as low as 5,423 yen ($47.89) on Friday, before settling slightly higher but with losses of 23% over three weeks.
Chinese ride-hailing giant Didi Global, which is 21.5% owned by the Vision Fund, said earlier Friday it would delist from the New York Stock Exchange and pursue a listing in Hong Kong, after coming under pressure from Chinese regulators over data security.

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