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 email@example.com
(END) Dow Jones Newswires