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SoftBank 'no bailout' pledge tested as tech stress spreads

Son's quest for his next Alibaba hit by another low valuation

SoftBank CEO Masayoshi Son has pledged "no more bailouts" after stumping up $9.5 billion to rescue WeWork. (Photo by Ken Kobayashi.)

TOKYO -- When Masayoshi Son meets with Alibaba founder Jack Ma in Tokyo on Friday, two thoughts are likely to be uppermost in the mind of the SoftBank CEO: debt and money.

Alibaba Group Holding, in which SoftBank Group owns an over $130 billion stake, is the financial blanket that reassures most investors about the financial health of the Japanese conglomerate and its tech-heavy Vision Fund.

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