Azman: Our gains from investments outnumber losses 5:1

A man stands near the logo of Alibaba Group at the company's newly-launched office in Kuala Lumpur, Malaysia June 18, 2018. - REUTERS

PETALING JAYA: Tan Sri Azman Mokhtar, who had helmed Khazanah Nasional Bhd for more than a decade, has said that aside from the controversial RM80mil losses in an online lingerie venture and the loss of its RM1.7bil stake in UBS, Khazanah has garnered more than a RM6bil gain from a single investment in e-commerce giant Alibaba.

“In fact, these gains alone are funding a multitude of technology investments including in Zivame, the online lingerie firm based in India,” he said.