| Alibaba’s IPO late last year earned many happy investors a fortune – Yahoo, for example, raked in a massive US$9.4 billion after selling off its shares. Yesterday, Malaysia’s sovereign wealth fund Khazanah revealed that it too made a tidy profit of more than US$1 billion in selling a part of its Alibaba holdings, according to the Financial Times.
In its financial report for 2014, Khazanah disclosed that it invested US$400 million in Alibaba in the last two years, giving it a stake of 0.6 percent. It continues to hold an undisclosed amount of shares after selling some post-IPO...............................................Full Article: Source
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