SoftBank to sell part of stake in China's Alibaba for $7.9 bn
Tokyo economy
Tokyo - Arab Today
Japanese mobile carrier SoftBank said on Wednesday that it will sell at least $7.9 billion of its stake in Chinese e-commerce giant Alibaba.
Softbank, which now holds 32.2 percent of the Chinese company, has "approved of a series of capital raising transactions which involve monetising a portion of the shares of Alibaba," the firm said in a statement.
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Buenos Aires - AFP
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Beirut - NNA
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Paris - Al Maghrib Today
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Moscow - AFP
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Paris - Al Maghrib Today
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Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
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