SoftBank has bigger reasons than Beijing to sell Alibaba
A bet on China’s economy isn’t what it used to be, while the Japanese company needs cash.
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. Yet plenty of factors closer to home make cashing out an important strategy.