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SoftBank's magic lamp keeps sending the Alibaba genie

Stake in Chinese tech giant won't stop generating cash

SoftBank Group continues to collect on the bet that Masayoshi Son, right, placed with Jack Ma in 2000.

TOKYO -- Like the genie in Disney's "Aladdin" movies, Alibaba Group Holding grants SoftBank Group's wishes.

SoftBank expects to chalk up consolidated pretax profit of 1.2 trillion yen ($11.1 billion) for the April-June period on proceeds from sales of Alibaba shares and on financial derivative gains. The figure represents about 70% of the pretax profit for the fiscal year through March, which came to about 1.7 trillion yen.

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