Usmanov sells off entire Alibaba stake, retains small stake in Apple

USM Holdings, which is controlled by Alisher Usmanov and his business partners, has entirely divested its stake in Chinese Alibaba.

DST Global, a fund controlled by Usmanov and Yury Milner, Silver Lake and Chinese fund Yunfeng Capital led a consortium that invested $1.6 billion in Alibaba in 2011. The deal was structure as an acquisition of shares from Alibaba employees and co-owners under an offer. The stake they acquired was estimated at the time at less than 5% of the company, which had a total value of $32 billion. Late in 2015, Usmanov said a portion of the Alibaba stake was sold. “We withdrew from this company at a fairly high level. It was worth $250 billion,” he said, estimating the return on his investment at 500%-600%.