IBTimes -
8 May 2014 16:31
One of the biggest payoffs from Alibaba Group Holding Ltd. going public will belong to Japan's Masayoshi Son. The Japanese businessman, founder and CEO of SoftBank, invested $20 million in Alibaba 14 years ago. With the website's expected valuation reaching $160 billion, Son's 34.4 percent stake in the ecommerce venture is estimated at about $57.8 billion, according to Bloomberg's calculations.
Share this Article
Comment on this Article
Please to comment