Joseph Tsai sells part of his stake in the Nets, market analysis: may be to invest more energy into Alibaba.

Jinshi data, June 27 news, according to foreign media reports, Alibaba’s board chairman Tsai Chongxin has sold part of his NBA Brooklyn Nets stake to the Koch family, which valued the Nets at $5.8 billion (approximately 42.1 billion RMB) and the acquisition amount at $688 million (approximately 5 billion RMB). Market analysis believes that Tsai Chongxin’s partial divestment of Nets stake this time may be to devote more energy to Alibaba to cope with current challenges and intense competition.

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