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Alibaba shares are right now down about 70% from their all-time high. This is a massive unwinding for a company that used to have, I believe up to a third of the stake of Alibaba. So far in 2023, they've sold another $7 billion. It is possible though unlikely that SoftBank will take that stake back. But really when they announced that they were making the sale because it was such a large component of their remaining shares of Alibaba, Alibaba shares fell pretty sharply.
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