Shares are up 6.2% after the e-commerce collapse in China.

After Alibaba Group Holding Ltd. announced the division of its business into six pieces, SoftBank Group Corp. shares surged in value in Tokyo, fueling hope for the recovery of one of the Japanese company’s most significant holdings.

In early trading on Wednesday, the bank’s shares increased 6.2%, marking the largest intraday change since October.

Alibaba is one of SoftBank’s most important portfolio companies.

Following the announcement of the split, Alibaba’s stock price increased 14% in New York trading, boosting its market worth to almost $255 billion.

To counteract potential stock growth, SoftBank is focusing on other issues involving the companies in its portfolio.

“Recovery will be gradual.” Until we observe a general shift in mood for Nasdaq and technology businesses, the stock’s upward potential will be constrained, according to Naoki Fujiwara, chief fund manager at Shinkin Asset Management.

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