FILE - The logo of SoftBank Corp. is seen at its shop in Tokyo, on April 21, 2022. TOKYO — Japanese technology investor SoftBank Group Corp. reported a smaller loss for the last quarter compared to a year earlier.
Quarterly sales rose 9% at SoftBank, which has investments in various technology companies including American office-space-sharing WeWork; Alibaba, a Chinese e-commerce company, and telecommunications company T-Mobile. WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June. Sales increased in Arm, an artificial intelligence and processor company, while investments gains were recorded for Alibaba and T-Mobile holdings.
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