The content originally appeared on: CNN SoftBank on Monday posted a loss of 397 billion yen ($3.5 billion) for the July-to-September quarter. Son said that the company's net asset value - which he says is a better indication of the firm's performance - fell by 6 trillion yen ($54.3 billion) to $187 billion. The reason for the hit? 'In one word: Alibaba,' said Son, during an earnings presentation which he opened with a picture of a blizzard. Alibaba was long […]
