Alibaba stake sale helps SoftBank narrow annual loss to $7.2b

Alibaba stake sale helps SoftBank narrow annual loss to $7.2b

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato

Japan’s SoftBank Group Corp. on Friday posted a sharply narrower annual loss after a capital raise using its stake in Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm.

Edited by: Pramod Mathew