Asian Tech Press (Nov 8) -- SoftBank Group Corp (9984:Tokyo) reported a loss of 397 billion yen ($3.5 billion) in the second fiscal quarter ended Sept. 30.

The loss was reportedly driven mainly by a decline in the valuation of its Vision Fund's technology portfolio, in contrast to a 628 billion yen ($5.53 billion) profit in the same period last year.

According to SoftBank's earnings report released on Monday, its Vision Fund lost 825.1 billion yen ($7.3 billion) in the three months ended Sept. 30, mainly due to a drop in the share prices of two companies it is bullish on, South Korean e-commerce giant Coupang Inc. and Chinese ride-hailing firm DiDi Global Inc.,

Sources also said that this Japanese investment giant no longer lists Amazon, TSMC and Paypal as investment targets.