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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

Thu, Jun 02, 2016 - 5:50 AM

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,...

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