News Snapshot:
TOKYO, March 29 (Reuters) - Shares in SoftBank Group Corp (9984.T) soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group (9988.HK), in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring plan. SoftBank shares were up 5.6% in afternoon trade, on track to post the biggest percentage gain in five months. Alibaba shares were up 13.2%. Alibaba said on Tuesday it was planning to split into six units and explore fundraising or listings for most of them, in the biggest restructuring in its 24-year history. SBI Securities analyst Shinji Moriyuki said the split-up would probably...
