Tycoon Usmanov Sticks With Alibaba, Bets on India, Unmanned Cars

  • Russian billionaire invested in Indian clones of Amazon, Uber
  • Usmanov’s fund USM has $1.3 billion invested in global tech

Russian billionaire Alisher Usmanov is sticking with Alibaba Group Holding Ltd. after having already made a six-fold return on his investment in the Chinese e-commerce operator. His $1.3 billion fund is now also betting on internet retailing in India and technology for autonomous vehicles.

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