After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter (Kosaku Narioka/Wall Street Journal)

Kosaku Narioka / Wall Street Journal:
After suffering huge losses, SoftBank plans to reduce its Alibaba stake from 23.7% as of June 30 to 14.6%, raising around $34B in the current quarter  —  Japanese tech investor has been reducing its ties to the Chinese e-commerce company and using holdings to raise cash