Rumor? BABA Chairman Joseph Tsai Sells Part of Stake in NBA Nets

Joseph Tsai, Chairman of Alibaba, sold part of his stake in the NBA Brooklyn Nets to the Koch family, who support Koch Industries. The transaction is valued at $6 billion, according to the New York Post.

Sources indicate that Tsai made the sale to focus more on $BABA-W (09988.HK)$ .