The Japanese mobile operator Softbank sells shares to a value of at least $ 7.9 billion, over 66 billion of its large shareholding in the Chinese Alibaba.
Revenues will be used by the company to pay off the debts.
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It takes the same time as the company struggles to revive the US telecom operator Sprint which was bought three years ago, writes the Wall Street Journal.
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The investment from Softbank side in Alibaba was the first time in 2000 when founder and CEO Masayoshi Son invested $ 20 million in it at the time, small e-commerce company.
Since then, Alibaba has developed at a furious pace and now has a market capitalization of over $ 200 billion.
Di Digital / TT / Finwire