Slashing Alibaba stake is a sign that SoftBank's Son has cooled on China tech

Slashing Alibaba stake is a sign that SoftBank's Son has cooled on China tech

SoftBank Group CEO Masayoshi Son speaks at Future Investment Initiative 2019. Photo: Future Investment Initiative

SoftBank Group Corp‘s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech.