TOKYO (Reuters) -SoftBank Group Corp’s shares tumbled 5% in early trade on Friday after the Japanese technology investor reported an annual loss as the value of its portfolio slid.
SoftBank reported a net loss of 970 billion yen ($7.18 billion) after a sell-down of its stake in Chinese e-commerce giant Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund unit.
($1 = 135.0500 yen)
(Reporting by Kiyoshi Takenaka; Editing by Jacqueline Wong and Christopher Cushing)