Business

SoftBank has bigger reasons to sell Alibaba

By TIM CULPAN
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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Softbank , Alibaba , stakedisposal , shareslide , corestrategy , MasayoshiSon , debt

Next In Business News
Green Packet inks deal with Presma
Call for resolution of MSME digital grant delays
Favourable outlook for oil and gas sector
Dividend hike to boost LBS Bina appeal
Ng Yoon Thai becomes Plenitude CEO
Bank Rakyat declares 18% dividend for FY25, highest in a decade
Uzma bags repeat PETRONAS well solution jobs
Auditors flag Rimbunan Sawit
Zetrix to manage two of Socso’s social schemes
Rising costs, weaker demand to hit developers

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.