World News Insights
1-3 Minute Gist

All Topics Article

SoftBank Suffers $54 Billion Bruise From China’s Tech Crackdown

WSJ Original article ›

Keywords: Softbank, Alibaba,

LyrArc Article Gist
As the world changes in 2021 after tensions in world trade, climate change and the health pandemic companies that are out of favor include Alibaba in China and Softbank in Japan. Some of these companies were overvalued and  capital markets  that supported these companies ignored the major needs in climate change, health, education, and infrastructure building. 



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