Economy

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.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Alibaba Group , Khazanah Nasional Bhd , capital gain , investment , IPO , NYSE , listing

Next In Business News
Thai AirAsia to reduce seat capacity by about 30% as jet fuel prices bite
Bank Negara introduces RM5bil SME stabilisation relief facility
Labuan IBFC records US$94bil in total assets in 2025
Bank of Singapore reshuffles family office and wealth advisory senior leadership
Nestl� Malaysia 1Q earnings jump 27%, upbeat on outlook
Asian stocks retreat from record highs as tech earnings loom; Peso slips to record low
Ekuinas launches capacity building programme to scale Bumiputera firms
HLB, corporate customers raise RM1.05 mil for welfare homes
SD Guthrie and MBI Selangor sign MOU for Strategic Carey Island development
Gold hits three-week low with US-Iran talks, central bank decisions in focus

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.