Softbank to sell 9% stake in Alibaba to cover investment losses

(Telecompaper) Softbank Group announced it’s selling a 9 percent stake in Alibaba in order to raise funds for new investments and cover losses on its existing portfolio following the recent turmoil in tech stocks… https://www.telecompaper.com/news/softbank-to-sell-9-stake-in-alibaba-to-cover-investment-losses–1433837