SoftBank has a heavy exposure to China through its investments in e-commerce giant Alibaba and ride-hailing company Didi. Both companies have seen sharp falls in their share prices due to Beijing's sweeping crackdown of the domestic technology sector and tighter regulation in areas from data protection to antitrust. In April 2021, which falls into SoftBank's last financial year, Alibaba was slapped with a $2.8 billion antitrust fine. Its shares are down around 31% year-to-date.