Moreover, SoftBank's recent losses in other companies, including the failed crypto startup FTX, have also raised concerns among investors. The sale of its early-stage venture capital arm, SoftBank Ventures Asia, has further added to the uncertainty surrounding the company's future strategy.
MonkeyGee : I think softbank might have some banking issue and needs money that is why they are selling everything they have under the sun
Kuries OP MonkeyGee : that make sense
Cloud D Investor : I agreed that with SoftBank holding about 3.8% of Alibaba's shares, Alibaba's shares will be less volatile and more stable diring this geo political tension.