The world’s biggest tech fund was risky from the start, quickly pouring about $80 billion into cash-burning startups at high prices. A less-noticed part of SoftBank Group Corp.’s strategy has deepened the fund’s losses and will likely weigh on any recovery. SoftBank’s Vision Fund invested roughly half of its assets in just seven companies, most of which, it turned out, were in industries that were particularly hard hit by the coronavirus pandemic. Three are ride-hailing companies, and one is in the hotel business. Then there...

Source: Wall Street Journal May 15, 2020 12:02 UTC