Ride-hailers squeeze SoftBank Vision Fund harder than WeWork

Transportation startups like Uber, Didi and Grab send tech investor falling

Ride-hailing startups including Uber struggled in the July-September quarter, with the Vision Fund's investments in transportation and logistics plunging in value. © Reuters

RYO IGAWA and AKIRA HAYAKAWA, Nikkei staff writers

November 9, 2019 03:16 JST

TOKYO/MUMBAI -- SoftBank Group's Vision Fund took a major hit to profits in the July-September quarter from its investments in ride-hailing companies like Uber Technologies, as transportation and logistics become the make-or-break sector for the fund.