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Largest China Tech ETF in U.S. Wipes Out Nine Years of Gains

Reuters

SoftBank sold $1 billion Coupang stake

TOKYO (Reuters) -SoftBank Group Corp’s Vision Fund sold shares worth $1 billion in South Korean e-commerce firm Coupang, a filing showed, amid a slump in the value of the tech investment firm’s holdings. Vision Fund sold 50 million Coupang shares for $20.87 each, according to a filing to the U.S. Securities and Exchange Commission dated Friday, leaving the investor with 461.2 million shares remaining. SoftBank sold Coupang shares worth $1.69 billion for $29.69 each in September.

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