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adventured
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Serial entrepreneur for about 29 years. I just like building.
This account is a replica from Hacker News. Its author can't see your replies. If you find this service useful, please consider supporting us via our Patreon.
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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...
Japan's SoftBank concludes run as Alibaba's biggest shareholder, drawing to a close one of the most successful internet deals in China
Japanese investment holding firm SoftBank Group Corp has largely cleared its ownership in e-commerce giant Alibaba Group Holding, concluding one of the most ...