Bill Gates fights Alibaba

22.02.2021

Microsoft founder Gates has dealt another blow to the Chinese Internet giant Alibaba. His family foundation sold all the shares he owned in the company, according to a statement he filed with the US Securities and Exchange Commission (SEC).

Bill and Melinda (billionaire’s wife) Gates Foundation has reviewed the structure of its portfolio and sold off some issuers. Besides Alibaba, the fund sold all shares of the taxi aggregator Uber and half of the shares of Apple.

The fund received $128.5 million for the Alibaba stake. Therefore, during the tenure of the shares of the Chinese company Bill & Melinda Gates Foundation earned $21.1 million.