Khazanah eyes more innovation and technology companies

Soaring high: Ma gestures in front of a screen showing real-time data of transactions at Alibaba’s global shopping festival in Beijing, China recently. Khazanah has been able to make some pretty pennies from its divestments in Alibaba’s stock since its US initial public offering in September 2014. – Reuters

ONE of the well-known overseas investments Khazanah Nasional Bhd has made in the last few years is the US$250mil buy into Jack Ma’s e-commerce business Alibaba Group.

Thanks to Alibaba’s performance and valuations, Khazanah has been able to make some pretty pennies from its divestments in the stock since its US initial public offering in September 2014.