COUPANG INC

SoftBank is shifting focus to AI and semiconductors, while its Vision Fund is selling stakes or writing down billions of dollars worth of its publicly-listed companies. SoftBank founder Masayoshi Son is looking to bankroll a $100-billion chip ventur...

SoftBank Group Corp.’s Vision Fund is likely to return to profitability after five quarters of losses, thanks to an artificial-intelligence-fueled rebound that’s lifting startup valuations.

Japan's SoftBank Group Corp reported an annual net loss of 970 billion yen ($7.18 billion) for the year ended March 31, with the Vision Fund unit posting a quarterly investment loss due to weakness in tech valuations.

The founder and chief executive of the world’s largest tech investor bade farewell in November to the earnings presentations he’s led for decades, saying he was going to focus on taking chip designer Arm Ltd. public.

SoftBank has been reliant on its large and liquid stake in e-commerce firm Alibaba Group Holding Ltd for financing. The group has now raised as much as $22 billion using the shares, the Financial Times estimated.

SoftBank’s founder and chief executive officer (CEO) Masayoshi Son kept his pay unchanged at 100 million yen (roughly $785,000), however four of the top six executives saw their compensation drop following a record $20.5 billion loss.

The slump is casting a shadow on founder and chief executive officer (CEO) Masayoshi Son's strategy of heavy concentration in high-growth stocks increasingly out of favour with investors as interest rates rise.

The world’s largest tech fund is estimated to have lost about $18.6 billion on its public portfolio alone during the quarter ended Mar. 31, even greater than the record $18.3 billion drop marked in the fiscal second quarter, according to Kirk Boodry...

Many of the conglomerate's technology firms have dropped in value in the last year.

SoftBank Group CEO Masayoshi Son has tapped his shareholdings in DoorDash Inc. for the third time in just six months, selling $2 billion worth of SoftBank’s stake in the US-based food delivery company.

The Japanese conglomerate posted record annual profit in May with executives pointing to further upside from Vision Fund investments such as Chinese ride-hailing firm Didi Global Inc and "Uber for trucks" startup Full Truck Alliance Co Ltd.

SoftBank Group has clocked a net profit of 4.99 trillion yen in the year ended March. That compares with an 962 billion yen loss a year earlier after teetering tech bets depressed the value of its portfolio.

In today's ETtech Evening Briefing: Coupang's IPO and listing a shot in the arm for SoftBank; Nazara Technologies to launch India's first gaming IPO, but investor Rakesh Jhunjhunwala isn't selling stake; and Amazon Pay gets Rs 225 crore more.

Shares of Coupang opened 81% above their offer price on Thursday, after the company raised $4.6 billion in the US stock market's biggest initial public offering this year.

Coupang share price soared 81% to open at $63.50 apiece on the NYSE. This after South Korea's largest e-commerce firm sold 130 million shares at $35 apiece in the biggest US IPO so far this year.

Coupang had priced 130 million shares sold in the IPO at $35 apiece, higher than the marketing range $32-$34 per share, giving the Seoul-headquartered e-commerce giant a market cap of $60 billion.

Masayoshi Son has pulled off a remarkably speedy comeback after the worst loss in his company’s 39-year history.

SoftBank uses a number of approaches to value its stakes in private companies, including taking cues from their latest financing rounds and the valuations of publicly traded rivals.

SoftBank, like most pre-IPO investors, is generally locked in and can’t cash out that profit for at least a year.