TOKYO/HONG KONG -- SoftBank Group is accelerating its pace of asset sales, highlighting the urgent need to raise cash as it strives to outlast a prolonged "tech winter."
The Japanese investment group is effectively selling about 38% of shares it owns in Alibaba Group Holding -- worth about $22 billion based on the Chinese e-commerce company's stock price on Tuesday in New York trading -- reducing ties to its most successful investment.
