Filings: SoftBank sold ~$7.2B of Alibaba shares in 2023, reducing its stake in the company to just 3.8%, after a record $29B selldown in 2022; BABA drops 5%+
Japanese investor makes $7.2bn from forward sales of shares in Chinese ecommerce group as lucrative partnership wanes
Financial Times
Related Coverage
- SoftBank Prepares to Cash In on Long-Held Alibaba Stake Bloomberg
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- Alibaba Stock Rises as SoftBank Eyes the Exit. China Tech Sees the End of an Era. Barron's Online · Jack Denton
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- SoftBank to sell almost all its Alibaba stake: report Tech Xplore
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- Alibaba Slumps on Report of SoftBank Plan to Sell Most of Stake Bloomberg · Jeanny Yu
- Softbank Sells Down Alibaba Shares — By selling down Alibaba shares Softbank is trying to pump up its depressed earnings - simply, selling the crown jewels to pay the mortgage! … Grant Halverson
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Discussion
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@arjunkharpal
Arjun Kharpal
on x
SoftBank selling the majority of its stake in Alibaba is more a story about SoftBank's needs to see returns and raise money after huge losses at its Vision Fund, rather than a lack of confidence in Alibaba $BABA https://www.cnbc.com/...
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@equitybrian
Brian Coughlin
on x
SoftBank have owned $BABA before it even went public and will be taking enormous profits. Management's recent announcement of splitting up the company will unlock a tremendous amount of value and greatly benefit shareholders. https://www.ft.com/...
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@rwmcmorrow
Ryan McMorrow
on x
Masa has finally cashed in most of SoftBank's Alibaba stock. SoftBank has mostly used prepaid forward contracts to sell down its $BABA holding, raising ~$36bn over the past 14 months. Our story and a thread on how it works https://enterprise-sharing.ft.com/ ...
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@muradahmed
Murad Ahmed
on x
The unwinding of one of the greatest ever tech investments (and a sign of weakness) SoftBank moves to sell down almost all of its stake in Alibaba. Uncovered by some super digging by @rwmcmorrow and @FT team https://www.ft.com/...
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@giuliapompili
Giulia Pompili
on x
SoftBank has moved to sell almost all of its remaining shareholding in Alibaba, limiting its exposure to China and raising cash as the market downturn pummels the value of its technology investments https://giftarticle.ft.com/...
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@tabby_kinder
Tabby Kinder
on x
SoftBank has cut its Alibaba stake from highs of 34% to just 3.8% in a retreat from the Chinese group which has been under pressure from the CCP Great analysis here by @rwmcmorrow and team https://www.ft.com/...