Wednesday, June 1, 2016

Top Alibaba Shareholder Softbank Plans to Sell $7.9 Billion in Stock

Japanese telecommunications and internet firm Softbank Group Corp has announced it will sell at least $7.9 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt.

from The Business of Fashion http://ift.tt/1O4BmdY

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