10.09.2014 - CIC's investment in Alibaba quadruples in two years
China Investment Corporation (CIC), which invested in e-commerce giant Alibaba two years ago, has quadrupled the value of its investment, reports our Chinese-language sister paper China Times. The sovereign wealth fund's shares in Alibaba are estimated at US$5 billion and the Hangzhou-based company has been a much better investment than Blackstone, though the US company has produced a 35% return. CIC started to invest in Alibaba in September 2012, when Alibaba was purchasing part of Yahoo for US$7.6 billion...............................................Full Article: Source
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