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"There were many investment failures, such as WeWork, Greensill and Katerra," Masayoshi Son told Nikkei in May. "But what I regret more is the missed opportunities to invest."   © Nikkei montage/Source photo by Getty Images
The Big Story

How SoftBank taught the market to love lossmaking startups

A slew of IPOs may vindicate Masayoshi Son's growth-at-all-costs view

WATARU SUZUKI, Nikkei staff writer | Japan

TOKYO -- A few years after Bom Suk Kim dropped out of Harvard Business School to launch what would eventually become Coupang, South Korea's largest e-commerce company, he was at a crossroads. He already had a fast-growing e-commerce site on his hands, and was considering taking it public.

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