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Aug 21, 2022 · Only two days after reporting its worst quarterly performance, SoftBank revealed that it would post a gain of ¥4.6tn ($33.6bn) by selling shares in Alibaba, significantly reducing the...
Aug 11, 2022 · SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba (BABA), the crown jewel of its investment portfolio, after posting record losses on its tech bets this year.
Apr 13, 2023 · SoftBank has moved to sell almost all of its remaining shareholding in Alibaba, limiting its exposure to China and raising cash as the market downturn pummels the value of its technology...
Aug 11, 2022 · NEW YORK, Aug 10 (Reuters) - SoftBank Group Corp (9984.T) is set to post a gain of $34.1 billion by reducing its stake in Alibaba Group Holding (9988.HK) from 23.7% to 14.6%. read more. But the...
May 11, 2023 · Global tech investing giant SoftBank Group's long ride with Alibaba is nearing its end. Speaking to reporters following SoftBank's results Thursday, finance chief Yoshimitsu Goto said the...
Aug 3, 2022 · SoftBank has raised as much as $22bn in cash from deals that would sharply reduce its stake in Alibaba over the coming years, as the Japanese investor responds to a market downturn that has...
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Jan 26, 2024 · SoftBank expects to book US$8.5 billion, about 425 times the value of its initial Alibaba investment, for its 2024 financial year after divesting more than 500 million shares in the e-commerce...