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SoftBank to sell part of stake in China's Alibaba for 7.9 billion US dollars
SoftBank said Wednesday it will sell at least 7.9 billion US dollars worth of its stake in Chinese e-commerce giant Alibaba, as the Japanese firm looks to pay down a whopping debt load. The mobile carrier, led by colourful billionaire Masayoshi Son, first invested in Alibaba in 2000, which has since ballooned into what is now considered to be...
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