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SoftBank’s Vision Funds posted a $4 billion gain in the latest quarter, helped by the strong performance of Bytedance and a run by public tech stocks.

SoftBank‘s Vision Funds posted a $4 billion gain in Q4, helped by the strong performance of ByteDance and a run by public tech stocks.

The gain reduced the lifetime loss of the portfolio to $2 billion. The segment, which includes SoftBank’s two Vision Funds and its Latin America funds, has invested $148.6 billion to date.

ByteDance grew its annual revenues by 30% to $110 billion in 2023, making it a rare source of good news in the Japanese investor’s portfolio of Chinese companies. SoftBank significantly curbed its exposure to the country following the sale in recent years of its once-enormous Alibaba stake.

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