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SoftBank selling off most of its Alibaba stake: report

Por: Fox Business Business April 13, 2023

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  Check out what's clicking on FoxBusiness.comSoftBank is reportedly selling almost all of its remaining shares in Alibaba, limiting its exposure to China and raising cash as its tech investments take a hit in a market downturn.The Japanese group has sold about $7.2 billion worth of this year, after selling a record $29 billion last year, according to the Financial Times. The sale will eventually cut SoftBank’s stake to just 3.8%,... + full article



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