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adventuredyesterday at 10:08 PM1 replyview on HN

Their ~$50 million total Alibaba investment turned into ~$70 billion. As of two years ago they were still liquidating out of it.

January 26, 2024 - "Japanese investment holding firm SoftBank Group Corp has largely cleared its ownership in e-commerce giant Alibaba Group Holding, concluding one of the most successful deals in China's internet industry and a holding that spanned about 23 years."

"SoftBank, which invested US$20 million into Alibaba when it was still a start-up in 2000, said in a corporate filing on Thursday that it was set to book a gain of 1.26 trillion yen (US$8.5 billion) - about 425 times the value of its initial outlay - for the Tokyo-based firm's 2024 financial year after divesting its [remaining] shares via subsidiary Skybridge."

https://finance.yahoo.com/news/japans-softbank-concludes-run...


Replies

HardCodedBiasyesterday at 11:47 PM

"As of two years ago they were still liquidating out of it"

I get that people are scared of investing in China. But if I still made single stock investments, I would seriously consider BABA, it seems well positioned.