Japan’s SoftBank Sinks Into Losses Over China Investments

Japan’s SoftBank Sinks Into Losses Over China Investments
People walk in front of SoftBank store in Ginza shopping district in Tokyo on Jan. 20, 2020. Eugene Hoshiko/AP Photo
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TOKYO—SoftBank Group Corp. sank into red ink for the July-September period, dragged down by losses on its investments in China, the Japanese technology conglomerate said Monday.

SoftBank reported a 397.9 billion yen ($3.5 billion) loss for the fiscal second quarter, compared to a 627 billion yen profit recorded the same period the previous year.