Billionaire Usmanov Says He's Started Selling Alibaba Stake

  • Says Alibaba made him returns of 5 to 6 times investment
  • Now sees China's Xiaomi, JD.com as strategic holdings

Alisher Usmanov has started to sell his stake in Alibaba Group Holding Ltd. and the Russian billionaire said he now considers his holding in the e-commerce giant a financial investment.

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