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Published 2 years ago

SoftBank to slash Alibaba stake in race for cash

Summary by Ground News
SoftBank Group says it will sell a significant chunk of shares it owns in Chinese e-commerce company Alibaba Group Holding, its most successful investment. The Japanese investment group is effectively selling about 38% of shares in Alibaba. The sale is worth about $22 billion based on the company's stock price on Tuesday.

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SoftBank to slash Alibaba stake in race for cash

Vision Fund exits entire $7.7bn Uber holding during market downturn

2 years ago·Japan
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