SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of...
FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo
“I believe Alibaba has lots of room to grow. I’m in no hurry to sell shares,” he told a news conference on Wednesday. If SoftBank thinks its returns cannot outperform Alibaba, “it seems weird to be in the venture capital business,” he said. The stake in the e-commerce giant is worth around $150 billion - more than the market capitalization of SoftBank itself, which is $110 billion.
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