SoftBank to sell nearly all its stake in Alibaba

SoftBank to sell nearly all its stake in Alibaba

FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter

SoftBank Group Corp has moved to sell almost all of its remaining shares in Alibaba Group Holding Ltd, the Financial Times reported on Wednesday citing regulatory filings it had analyzed.