Chen Xiaoxin sells part of the shares of the Nets, market analysis: may focus more on Alibaba

Golden Ten Data, June 27th News, according to foreign media reports, Alibaba Board Chairman, Tsai Chung-hsin, has sold part of his NBA Brooklyn Nets equity to the Koch family, which values the Nets at $5.8 billion (about RMB 42.1 billion), with a purchase price of $688 million (about RMB 5 billion). Market analysts believe that Tsai’s partial divestment of Nets equity may be to devote more energy to Alibaba to cope with current challenges and fierce competition.

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