Tiger Global reportedly buys $200 million in Alibaba through secondary markets
Tiger Global Management has acquired $200 million worth of Alibaba Group shares through a secondary market. Alibaba’s valuation is believed to be worth around $125 billion after Tiger Global’s investment. Tiger Global Management is a hedge fund founded by Julian Robertson and is led by Chase Coleman. Alibaba is the largest e-commerce company in China. The company is planning to go public in the United States sometime in the near future. Tiger Global reportedly bought $200 million worth of Alibaba Group shares. Another major Alibaba shareholder is Yahoo! Inc. Yahoo! owns around 24% of Alibaba.
[Source: USA Today]