$SoftBank Group (ADR) (SFTBY.US)$ SoftBank’s Vision Fund, th...

$SoftBank Group (ADR) (SFTBY.US)$ SoftBank’s Vision Fund, the largest tech-focused investment firm in the world with over $100 billion in capital, lost $10 billion this quarter amid the regulatory crackdown in China. The fund announced it was launching a $9 billion share buyback amid pressure from investors.

$Alibaba (BABA.US)$ $Coupang (CPNG.US)$ $DiDi Global (Delisted) (DIDI.US)$ The group’s largest asset, Chinese e-commerce firm Alibaba , saw its valuation fall by around a third in the second quarter. Its stake in Chinese ride-hailer Didi, acquired for $12 billion, was valued at $7.5 billion. Another notable hit was Coupang (CPNG), a South Korean eCommerce company which gave up a third of its value.