tokyosoftbank group corp on tuesday reported a small profit in the octoberdecember quarter despite continued troubles in chinas technology industry the japanese technology investor best known for its 100 billion vision fund reported net income attributable to owners of the parent of 29 billion yen equivalent to 2520 million for the quarter ended dec 31 that followed a 35 billion loss in the previous quarter in the octoberdecember quarter shares of chinese ecommerce giant alibaba group holding ltd softbank groups most valuable holding fell nearly 20 as of march 31 2021 softbank held 539 billion shares of alibaba common stock with voting rights of 248 softbanks shares closed tuesday 09 lower at y5302 before the release of the results softbanks stock has fallen about 45 from a year ago the company also said tuesday that a planned sale of semiconductor designer arm to nvidia corp fell apart after regulators in the us and europe said the deal was anticompetitive softbank now intends to carry out an initial public offering of arm by march 2023