Goldman Sachs to Miss Out on Alibaba Windfall

Goldman Sachs to Miss Out on Alibaba Windfall

Goldman Sachs usually have Midas touch when it comes to investments and certainly turning $3.3 million into $22 million within 5 years is nothing to be ashamed of. However, had the US financial powerhouse held onto their stake in Chinese e-commerce group Alibaba, they could have been looking at a return in the region of $90 million. A thirty-fold return has been seen by some of the early investors in Alibaba and with the group about to go public the sums could be even bigger. Read the full story.