2023-04-13
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/...
Financial Times
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