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The Nikkei View

SoftBank must draw the right lessons from WeWork losses

Group should rethink light-touch management and keep retail investors informed

SoftBank Group incurred a huge loss for the July-September period due to its costly bet on office-sharing startup WeWork. (Photo by Shihoko Nakaoka) 

SoftBank Group has hit a wall in its transformation into an investment company, after having thrown vast amounts of money at startups around the globe. It is time for the Japanese conglomerate to reconsider its growth-oriented strategy and pay more attention to retail investors.

After a wrong-way bet on office sharing startup WeWork, Chairman and CEO Masayoshi Son's SoftBank reported a roughly 700 billion yen ($6.4 billion) loss for the July-September quarter, its worst-ever result for a three-month period.

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