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    Home»Business»After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (Kosaku Narioka/Wall Street Journal)
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    After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (Kosaku Narioka/Wall Street Journal)

    IsabellaBy IsabellaOctober 24, 2022No Comments1 Min Read
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    After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (Kosaku Narioka/Wall Street Journal)
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    Kosaku Narioka / Wall Street Journal:
    After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter  —  Japanese tech investor has been reducing its ties to the Chinese e-commerce company and using holdings to raise cash.

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    Isabella
    Isabella

    Isabella Noor is Director of Marketing at FastFoxNews. With 8+ years experience in public relations and marketing, she loves talking about content creation, SEO & Digital Marketing.

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