Softbank’s venture capital transactions accounted for one-tenth of the world’s total investment in 2019, and the current vision fund contributed more than half of Softbank’s annual operating profit.
Editor’s note: This article is from WeChat public account “Zhixiang.com” (ID: Passagegroup), author Andolini.
“This makes me feel embarrassed and urgent.”
In an interview with Nikkei Business, Sun Zhengyi said that Softbank’s investment performance was far from expected, and “the results are far from the goal”, he is dissatisfied.
Because Uber and Slack, the portfolio companies of Softbank Group’s vision fund, have “falling down” after the listing, WeWork’s IPO has been frustrated and retracted. Mitsubishi UFJ Morgan Stanley Securities has made a profit on Softbank Vision Fund. Down.
According to Sanford C Bernstein’s estimates, only the Vision Fund’s write-downs could be as high as $5.93 billion, and the WeWork portion of Softbank’s holdings would be further reduced by $1.24 billion.
So far, Softbank has accounted for one-tenth of the world’s venture capital transactions in 2019, including investment transactions by Softbank, Vision Fund and its related investment entities.
According to the final accounts disclosed in June 2019, the total investment of the Vision Fund has reached 71, with an investment amount of US$64.2 billion and a return on investment of 62%. In addition, the 2018 annual report shows that the vision fund earned more than 1.2 trillion yen in the fiscal year, an increase of more than 300%.
However, with Uber, Wewo