Sun Zhengyis self comparison with Jesus defending the huge loss of Softbank

category:Finance
 Sun Zhengyis self comparison with Jesus defending the huge loss of Softbank


Asked if he felt misunderstood by the media and whether there was a gap between the publics view of Softbank and his vision, another participant said Sun also hinted that the Beatles were not popular when they were first formed.

Earlier in the day, Softbank reported a record loss in fy19f one point three six Jpy1000bn, equivalent to US $13bn, mainly due to the loss of vision fund of the group in fy2019 One point nine Trillion yen ($17.7 billion).

Due to the impact of the epidemic, several large investments of vision fund, such as Wework and Uber, suffered huge losses, and the value of the $100 billion investment fund also decreased by $18 billion.

In the conference call, sun Zhengyi said the epidemic is an unprecedented crisis we are experiencing. He compared the new crown epidemic crisis to the great depression, and predicted that the epidemic will have a similar impact.

He said the unicorns he invested in fell into the hole brought by the new crown epidemic, but some of them will eventually take advantage of this crisis to grow wings.

In order to illustrate this, sun Zhengyi also specially presented these slides:

Source: Wall Street editor in charge: Wang Xiaowu_ NF