Japanese telecoms giant Softbank expects to raise US$8.9bn from the sale of shares in Chinese e-commerce group Alibaba announced yesterday. Alibaba said in its own statement that it will pay US$74 a share to buy back US$2bn of its own stock. Singapore sovereign wealth fund GIC and local state-owned investor Temasek Holdings will each spend US$500m to buy some Alibaba shares, also at US$74 […]