Malaysia's Khazanah to gain US$1bil from investment in China's Alibaba

By LIZ LEE

PETALING JAYA: A little-known investment by Khazanah Nasional Bhd in Alibaba Group in 2012 has paid off.

Khazanah’s investment in the e-commerce giant from China is estimated to be valued at between US$1bil and US$1.2bil (RM3.22bil and RM3.86bil), a between four and five-fold increase of its initial US$250mil investment.

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Business , Alibaba Group , Khazanah Nasional Bhd , capital gain , investment , IPO , NYSE , listing

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