Private Equity
In 1999, Wall Street bank Goldman Sachs was one of the first investors in Chinese e-commerce company Alibaba, investing $3.3 million in what was then a scrappy startup operating out of its founder’s apartment in Hangzhou. Shirley Lin, who worked for Goldman’s private equity fund, said she was offered the chance to invest $5 million […] The post Fact Check: The Alibaba Stake Sold By Goldman Sachs Is Now Worth More Than The Whole Company appeared first on Moguldom.

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