Tech

After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (Kosaku Narioka/Wall Street Journal)




Kosaku Narioka / The Wall Street Journal:

After suffering huge losses, SoftBank plans to reduce its stake in Alibaba from 23.7% on June 30 to 14.6%, raising about $34 billion in the current quarter.Japanese tech investor eased ties with Chinese e-commerce company and used stake to raise cash





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