SoftBank to reduce its stake in Alibaba to 3.8%

  • SoftBank is selling nearly all its stake in Alibaba.
  • The total stake will be reduced to 3.8%, according to filings sent to the US Securities and Exchange Commission.
  • The forward sales will be used to reduce SoftBank’s stake in the Chinese e-commerce group.


Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals