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UBER SHARES DROP AS SOFTBANK PLANS TO SELL ONE-THIRD OF ITS STAKE

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SoftBank has seen total losses of around $4 billion on its Didi position and has also suffered from a decline in the valuation of Alibaba. Uber’s own Didi stake saw a $2 billion decline last week following the June debut of Didi’s American depositary shares as China’s officials planned fines against Didi amid a wider crackdown on US-listed Chinese companies.

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