You are here
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
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.
PHOTO: REUTERS
San Francisco
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,
GAIN ACCESS TO ALL BT PREMIUM CONTENT:
Or get a 2-week FREE trial
Need help?
- CALL +65 6388 3838
- EMAIL btocs@sph.com.sg
