As China cracks down, SoftBank’s Vision Fund has lost $4B on its Didi investment, as its 20.1% stake bought for $11.8B in 2019 is now worth $7.8B (Financial Times)

Financial Times:
As China cracks down, SoftBank’s Vision Fund has lost $4B on its Didi investment, as its 20.1% stake bought for $11.8B in 2019 is now worth $7.8B  —  Japanese group’s heavy investments in Chinese tech have left it exposed to a regulatory crackdown  —  The single largest bet on Chinese tech …