{"id":84450,"date":"2023-04-13T01:42:02","date_gmt":"2023-04-13T05:42:02","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84450"},"modified":"2023-04-13T01:39:16","modified_gmt":"2023-04-13T05:39:16","slug":"alibaba-shares-tumble-after-softbank-reportedly-sells-most-of-its-stake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2023\/alibaba-shares-tumble-after-softbank-reportedly-sells-most-of-its-stake.html","title":{"rendered":"Alibaba shares tumble after SoftBank reportedly sells most of its stake"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/BABA\/\">Alibaba<\/a> shares dropped nearly 3% in after-hours trading after regulatory files revealed that SoftBank has sold a majority of its stake in the company. SoftBank has sold roughly $7.2 billion worth of shares in the Chinese ecommerce giant via prepaid forward contracts, according to an <a rel=\"noreferrer noopener\" href=\"https:\/\/www.ft.com\/content\/15d54d29-ba32-4cd5-8002-5279b77d6e4a\" target=\"_blank\">analysis<\/a> of the corporate filings by The Financial Times, published on Wednesday. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/04\/12\/alibaba-shares-tumble-after-softbank-reportedly-sells-most-of-its-stake.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Alibaba shares dropped nearly 3% in after-hours trading after regulatory files revealed that SoftBank has sold a majority of its stake in the company. SoftBank has sold roughly $7.2 billion worth of shares in the Chinese ecommerce giant via [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84450","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84450"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84450\/revisions"}],"predecessor-version":[{"id":84451,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84450\/revisions\/84451"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}