SoftBank has bigger reasons to sell Alibaba

Highly geared: Pedestrians pass by a SoftBank Corp store in Tokyo. The bank’s debt at the end of December stood at US$235bil (RM1 trillion). — Bloomberg

NEWS that SoftBank Group Corp plans to keep selling its stake in Alibaba Group Holding Ltd should come as no surprise.

Continued restrictions imposed by Beijing on Chinese industry, particularly the Internet sector, may exacerbate the need to reduce exposure to the country.