CFO Yoshimitsu Goto detailed that Alibaba had accounted for 48 percent of Softbank's assets in 2020, but now, this was 'almost zero.'
The change was 'not just simply shifting from Alibaba to someone else, rather it shows [a] shift to [an] AI-centric portfolio.'
Softbank's quarterly results for the period ending March 31, 2024, showed its second consecutive quarterly profit of 231 billion yen ($1.48 billion).
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