SoftBank Is Not ‘SoftPunku’ Says CEO in Defence of Strategy
SoftBank Group Chief Executive Masayoshi Son mounted a defence of his investing decisions on Thursday, saying the value of the Japanese conglomerate's holdings has recovered to pre-coronavirus outbreak levels."We have worried a lot of people who thought that SoftBank is finished or is 'SoftPunku'," Son told a shareholder meeting, using a play on the word "puncture" used colloquially in Japanese when something is broken.The rise in corporate value was driven by the growth of SoftBank's stake in Chinese e-commerce giant…