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SoftBank is Selling Most of Remaining Stake in Alibaba

By
Juro Osawa
· · Source: The Financial Times

SoftBank Group plans to sell most of its remaining stake in Chinese e-commerce giant Alibaba Group, The Financial Times reported. The report comes after SoftBank drastically reduced its Alibaba stake last year, when the Japanese investment firm, led by Masayoshi Son, was struggling to cope with the global stock market rout that dealt a severe blow to its vast portfolio of public and private...

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