Fashion
Canadian fund triples gains two years after investing in JD.com
Ontario Teachers’ Pension Plan, a retirement fund, bought circa 44 million of the then-privately held company’s shares in November 2012 for 175 million dollars. Two years and a flotation later, the investment’s value has more than tripled to 630 million dollars. By the end of June, after JD.com went public in the US, seeing its stock rocket, the...
20 Aug 2014