SoftBank to sell US$8b stake in Alibaba
It would still remain one of Alibaba's biggest shareholders with a stake of about 28% after the sale
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WHEN the Alibaba Group was barely a year old in 2000, the fledgling Chinese e-commerce company gained an early believer and investor in Masayoshi Son, the outspoken Japanese telecommunications mogul.
Sixteen years later, Mr Son and his telecommunications company, SoftBank, are finally selling a portion of that stake after its value has mushroomed to billions of dollars.
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