Private Equity

Alibaba Stake Sold By Goldman Worth More Than The Whole Company

by moguldom.com posted 1month ago 24 views
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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