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  • home delivery is helping to deliver the profits for Japanese investment giant Softbank Group.

  • Bets on firms like Door Dash saw the firm smash analyst forecasts third quarter net profit jumped more than 20 times to just over $11 billion.

  • That is more than six times the figure predicted by analysts.

  • The numbers will come as a relief to Softbank chief Masayoshi Son.

  • He was battered by a string of high profile MRS such as the flopped AIPO for office sharing firm We Work.

  • The problems forced him to sell assets on lead, some to ask if he'd lost his touch for investments.

  • Now the gains follow a sea change at Softbank's Mammoth Vision Fund investment unit.

  • It Alone book to profit off $8 billion Thief Fund has been helped by a buoyant global equities market, which has driven tech stocks higher.

  • That's or its 82 investments valued at about $90 billion compared with a purchase price off just over 76 billion.

home delivery is helping to deliver the profits for Japanese investment giant Softbank Group.

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SoftBank profits shatter analyst forecasts

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    林宜悉 posted on 2021/02/08
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