FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
TOKYO (Reuters) -SoftBank Group Corp is likely to trim its stake in Chinese e-commerce giant Alibaba, an analyst said on Tuesday, as the Japanese tech conglomerate invests in unlisted startups through its second Vision Fund and repurchases its shares.
SoftBank sold 20 million Alibaba shares in the last quarter and "will need to sell more in 2022," Jefferies analyst Atul Goyal wrote in a note.
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