CFO of Softbank: reducing Alibaba's shares is just to appease investors

A few days ago, Yoshimitsu Goto, the CFO of Softbank group $Softbank Holdings (LIST2558.US)$ , said that Softbank's reduction of most of Alibaba's shares was just to appease investors and show that the group's financial situation was very stable.

Yoshimitsu Goto believes that this move is similar to the company's sale of a series of shares including T-Mobile $T-Mobile US (TMUS.US)$ , the US telecom operator, in 2020. "Like two and a half years ago, we have shown the world that we can do this because our financial situation is flexible."
Previously, Softbank disclosed that the company gained 33.6 billion US dollars by selling Alibaba shares.
After Softbank announced a huge loss, the company's share price plummeted by nearly 7%, but after the announcement of selling Alibaba shares, the company's share price rebounded by nearly 10%.