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The risk the debt mountain poses is the concern most often cited by investors, says Mr Lane.
萊恩表示投資人經常用債務堆積如山的風險引述他們的擔憂。
Some of this debt will go to the separately listed mobile unit and may be "non-recourse",
其中一些債務將分散轉至上市移動業務部門，并且可能會成為“無追索權債務”，
meaning that SoftBank may no longer be liable for it if the subsidiary defaults.
這意味著，如果子公司違約，那么軟銀或許將不再承擔這些債務。
For now, Japan's negative interest rates, adopted by the Bank of Japan in 2016 as part of its quantitative-easing programme,
目前因為日本的負利率（2016年日本銀行采用該負利率作為其定量寬松計劃的一部分）
allow firms to borrow without worrying too much; they should remain for at least a year.
公司在借貸時無需過分擔憂；他們應該能夠維持至少一年。
Critics complain, too, that Mr Son's plans are wildly ambitious but unclear; and that "key man" risk around him remains too high.
批評者也抱怨孫先生的計劃雄心勃勃，但卻并不明確，而且圍繞他周圍的“關鍵人物”風險仍然過高。
That suggests hopes for a re-rating of the parent's shares may go unanswered.
這表明對母公司股票重新評估的愿望或許得不到答復。
Investors in the mobile arm might face an additional governance risk,
如果子公司想要取悅母公司和大部分股東，
if the subsidiary tries to please its parent and majority stakeholder rather than ensure returns for minority shareholders.
而不是確保少數股東的收益的話，移動業務部門的投資者可能要面臨額外的治理風險。
As for the Vision Fund itself, Mr Son was criticised for failing to distance himself from Saudi Arabia
至于愿景基金，10月，穆罕默德·本·薩勒曼涉嫌在土耳其薩特大使館內殺害一名薩特記者
when its crown prince, Mohammed bin Salman, was linked to the killing of a Saudi journalist in its embassy in Turkey in October.
孫先生因當時沒能撇清他與這位薩特皇儲的關系而招致批評。
Startups might be more reluctant to accept Mr Son's cash as a result, some rival tech investors say.
因此，創業公司可能就更不愿接受孫先生的資助了，一些競爭科技股投資者說如是。
Early divestments from the fund seem to have worked well, however.
但是該基金早期的投資轉讓似乎卓有成效。
When Walmart bought SoftBank's stake in Flipkart, an Indian e-commerce firm, in May,
五月，沃爾瑪從軟銀手中買下了印度電商公司Flipkart的股權，
it reportedly paid almost double what SoftBank did less than a year earlier. SoftBank invested in Uber at a valuation of around $48bn;
報道稱其收購價格是軟銀收購該公司價格的近兩倍，軟銀收購該公司不足一年。軟銀投資估值約480億美元的優步；
reports suggest its valuation will be north of $100bn when it lists on the stockmarket, possibly in the first quarter of 2019.
報道表明上市時，軟銀2019年第一季度的估值可能將超過1000億美元。
Next to that kind of money, the telecoms business, expected to make 700bn yen of operating profit this year, looks like small fry.
居于這比資金之后的電信業務（今年的營業利潤有望到達7000億日元）看起來似乎無足輕重了。
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