SoftBank Group says Alibaba stake dumped, as it shifts to AI

Japanese conglomerate posts third year of annual losses

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SoftBank Group's technology investments have performed well, thanks to a boom in tech stocks. (Photo by Mayumi Tsumita)

LISA KIM, Nikkei staff writer

TOKYO -- SoftBank Group on Monday said it has shed almost its entire stake in Alibaba Group Holding, as it focuses on investments in artificial intelligences after posting a third straight year of losses.

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