SoftBank suffers $54 billion bruise from China’s tech crackdown
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4 min read . Updated: 09 Nov 2021, 05:54 PM IST - Japanese investor loses big on Alibaba stake, announces share buyback, says risks under control
Premium 4 min read . Updated: 09 Nov 2021, 05:54 PM IST SoftBank Group Corp. took a more than $50 billion beating from Beijing’s tech crackdown, but its leader said he still had money for share buybacks and was glad to be less dependent on China.
