Softbank has sold shares worth $7.2 billion in Alibaba reducing its shareholding to 3.8% says the FT. Last year Softbank sold $29 billion worth of Alibaba stock At one time Softbank owned about 30% of Alibaba worth about $200 billion, making Softbank chairman Masayoshi Son, very briefly in 2000, the richest man in the world. …
The post Softbank reduces Alibaba holding to 3.8% appeared first on Electronics Weekly .