ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Asia braces for 'tech winter' after SoftBank losses

'Break-even' replaces 'growth' as the new mantra for startups in the region

SoftBank Group Chairman and CEO Masayoshi Son stands in front of a list of Vision Fund investments at a news conference in Tokyo on Nov. 6 when the company posted a $6.4 billion loss. (Photo by Ken Kobayashi)
WATARU SUZUKI and SHOTARO TANI, Nikkei staff writers | Southeast Asia

TOKYO/JAKARTA -- SoftBank Group's massive $9 billion loss on Vision Fund investments such as WeWork is rippling across Asia's technology scene, with startups scrambling to change their business plans amid a new "tech winter" that can no longer count on endless capital from Masayoshi Son.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more