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Reuters
Published
Mar 21, 2019
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Foxconn Ventures sells $398.4 million in Alibaba stock

By
Reuters
Published
Mar 21, 2019

Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd’s shares, in a block trade in the open market managed by Goldman Sachs Group Inc, people familiar with the matter said on Wednesday.

REUTERS/Aly Song


Foxconn sold 2.2 million Alibaba shares on Wednesday at $181.10 per share, the sources said, asking not to be identified ahead of any official announcement.

Foxconn and Goldman Sachs did not immediately respond to requests for comment.

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