TOKYO/MUMBAI -- SoftBank Group's Vision Fund took a major hit to profits in the July-September quarter from its investments in ride-hailing companies like Uber Technologies, as transportation and logistics become the make-or-break sector for the fund.
The tech investment fund's cumulative profit -- both realized and unrealized gains since its launch in 2017 -- totaled $11.4 billion at the end of September, a roughly 40% plunge in three months.
