TOKYO: SoftBank Group Corp is expected to face further weakness in tech stocks when it reports second-quarter earnings on Friday, after two brutal quarters that have shaken Masayoshi Son's tech conglomerate.
SoftBank's portfolio also remains exposed to China, with companies including ridehailer Didi falling further during the second quarter. Alibaba, which SoftBank has been selling to raise cash, has fallen more than 40 per cent year-to-date. "Masa has decided to focus additional time and energy this quarter on business opportunities related to Arm's future growth," a SoftBank spokesperson said.
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