Softbank’s Net Profit Grew After Sale of Alibaba Stake
SoftBank, the popular Japanese multinational giant, last week claimed that its annual net profit grew 3 times. Thanks to the immediate gains from the auction of a wager in Alibaba, the Chinese e-commerce giant. The firm claimed that net annual profit for the financial year 2016–2017 came in at 1.43 Trillion Yen ($12.6 Billion), compared…