By Kosaku Narioka

Foxconn Technology Group said Thursday that it sold 630,000 shares of Alibaba Group Holding Ltd. in the U.S. for $195.7 million.

The Taiwanese electronics maker, formally known as Hon Hai Precision Industry Co., said it sold American depositary shares at $310.68 each and made investment gains of $130.1 million based on acquisition cost.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

10-21-20 2322ET