SoftBank 'no bailout' pledge tested as tech stress spreads

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

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

WATARU SUZUKI, Nikkei staff writer

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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