Now that they sold Alibaba, shouldn't equity income go down?
Earnings in equity interests, which are mainly composed of its investments in Chinese Internet giant Alibaba and Yahoo Japan Inc., 4689.TO +1.73% increased 17% to $148.9 million.
Yes, it should but remember they did convert it into a $500M yearly licensing fee which is more than they collected in investments. The slides weren't up yet so need to see if more info is in there. I've only skimmed so far.