Japanese technology investor SoftBank on 11 November reported a profit of more than $21bn in the three months to September, after gains from a sale of some of its stake in Chinese e-commerce company Alibaba offset losses at its Vision Fund investments.

SoftBank posted a net profit of ¥3.034tn for the quarter ended 30 September. That compares with a record quarterly loss of ¥3.16tn in the April-June quarter, and a net loss of ¥397.94bn a year earlier.