A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang Province, in this file photo. Japan’s SoftBank Group Corp. said yesterday it expects to book around 1.2 trillion yen (US$11.12 billion) in pre-tax profit on the sale of shares in China’s Alibaba Group Holding Ltd. The sale dates from 2016 when SoftBank sold part of its Alibaba stake. SoftBank Group founder and chief executive Masayoshi Son bought into Alibaba for just US$20 million in 2000. SD-Agencies |