SoftBank Moves to Slash Alibaba Stake, Fueling $13 Billion Slump
SoftBank Group Corp. is moving to sell the majority of its stake in Chinese internet giant Alibaba Group Holding Ltd., the Financial Times reported, the latest sign of long-time China investors lowering their exposure there.
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### Instruction: SoftBank Moves to Slash Alibaba Stake, Fueling $13 Billion Slump

### Response: SoftBank Group Corp. is moving to sell the majority of its stake in Chinese internet giant Alibaba Group Holding Ltd., the Financial Times reported, the latest sign of long-time China investors lowering their exposure there.