Softbank fund warns of $16.7bn loss due to virus www.bbc.com

Image copyright Getty Images Image caption SoftBank Group Corp. Chairman and CEO Masayoshi Son speaks during a press conference in TokyoSoftBank expects to lose $16.7bn (£13.3bn) on firms it has invested in through its tech start-up fund.
The Japanese conglomerate is the world’s biggest technology investor through its $100bn Vision Fund.
Some bad investments have seen the fund’s valuation drop substantially leading to Softbank’s first loss in 15 years.
The company as a whole has stakes in some high-profile tech firms and start-ups either through the fund or via the Softbank group.
The Vision Fund has made some large bets on start-ups including Uber, Indian hotel chain Oyo and South-East Asia’s fast-growing ride-hailing app Grab, along with China’s equivalent Didi Chuxing.