SoftBank, Alibaba’s top shareholder, said on Friday they will sell a further $1.1 billion USD worth of Alibaba shares, following an announcement on Wednesday that they would be selling upward of $7.9 billion worth of the e-commerce company’s stock.

The latest transaction brings the total value of the divested shares to $10 billion, which revises the value of the Wednesday sale to $8.9 billion.

It marks SoftBank’s first-ever sale of Alibaba stock since the company began investing in the e-commerce site back in 2000. SoftBank’s Masayoshi Son is a well known evangelist of the Alibaba cause, investing an initial $20 million 16 years ago, followed by a $60 million injection, for a stake that was valued at well over $40 billion at the time of Alibaba’s IPO.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com