The Foundation of the American financier and philanthropist George Soros sold most of its stake in Chinese Internet company Alibaba amid a sharp fall in Its shares, informs.

in its own quarterly report provided to the Commission on securities and stock exchanges of the United States, Authorized by Soros Foundation said that the deal, which was sold about 60 thousand shares with a value of 4, 88 million dollars, took place on June 30.

Since November of last year the Firm lost about $ 100 billion of its market value. Anyway, Alibaba still retains the 2 largest shareholders, which are Japanese SoftBank With a share of 31, 7% and American Company Yahoo, With a share of fifteen. 27 %.
Alibaba, specializing in e-Commerce, was founded by Jack MA in 1999. Its users affordable service that combines the separate functions of eBay, Amazon and PayPal. In addition to online retail, the Company develops payment system Alipay.


George Soros, the American financier, Founder and head of charities, many times accused of assistance in the organization of regime change in several countries. Money Soros helped organize the 1st "orange revolution" in Ukraine in 2004 and the euromaidan in 2013. financier Himself does not deny it, in may 2014 he said his Fund is " to present, plays an important role in the events ".

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sections: Politics