TOKYO—SoftBank Group sank deeper into the crimson within the July-September interval because it reported write-downs associated to the chapter of office-sharing firm WeWork and expertise shares stayed below stress amid rising rates of interest within the U.S.
The Japanese expertise investor posted a internet lack of 931.1 billion yen, equal to $6.2 billion, for the quarter ended Sept. 30. That’s in contrast with a 477.6 billion yen loss within the April-June quarter and three.034 trillion yen revenue a yr earlier, when it unwound its stake in Alibaba Group Holding.
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