Alischer Usmanov, Russia's richest man

Beijing time March 18 morning news, Russian billionaire Alischer Usmanov (Alisher Usmanov), a consultant revealed that he has sold the shares of Apple and Facebook, in turn to invest in Alibaba and other Chinese technology companies in stocks.

"Chinese companies account for about 70% to 80% of our overseas internet investment." "Ivan Streshinskiy, head of Usmanov's asset management company USM Advisors, said in an interview on March 14. Its main investment targets include "Alibaba, Jingdong Mall and other companies with great potential".

The 60-Year-old Usumanov is the richest man in Russia, and he established Metalloinvest LC Co iron ore company through acquisitions. Stesinski said Usumanov spent about 100 million dollars last year buying Apple shares, which had recently been dumped. Before that, he gradually reduced his share of Facebook.

"We want to invest in Chinese Internet companies in the same and even better returns to US companies," Stesinski said. "It is worth mentioning that China is Russia's largest trading partner."

After Alibaba's revenue has increased, the average market value for the company has increased to $153 billion trillion. The company has launched an IPO in the US, and is expected to become the largest public offering in the United States in nearly two years. Tencent shares in the Jingdong mall may also be next month IPO, the valuation is expected to be more than 20 billion U.S. dollars.

Apple stock Performance

The stock has risen about 23% since Usumanov first bought Apple shares in March 2013, but has fallen 6% per cent since the year. Facebook plunged after its 2012 IPO, but doubled in the past 12 months, with a market capitalisation of about $172 billion trillion.

To buy Facebook shares in 2009, Usumanov's fund promised Facebook founder Mark Zuckerberg Zuckerberg to give up voting rights. Usumanov and his partners bought about 10% of Facebook shares at a value of 6 billion to 10 billion, and sold a portion of the IPO at a value of $104 billion.

Alibaba valuation

Yahoo's January document shows Alibaba's fourth consecutive quarter earnings last September. The company will be the second-largest internet company in the world after Google, according to a partial investment bank that gives Alibaba a 200 billion dollar valuation.

Stesinski said that if Russian equities were to fall further in Ukraine, Usumanov companies might consider buying shares in mobile operator OAO Megafon and Internet company Mail.ru Group.

"Mail.ru and Megafon's revenues come from Russia, and people won't stop calling or stopping the internet," he said. "If time escalates further, we will buy stocks," Stesinski said. Because it lowers valuations, crises always contain opportunities. ”

"We are concerned that Russia may be sanctioned, but our business will not be affected too much." "China is unlikely to impose any sanctions," he said. So we will continue to trade with the rouble, renminbi, Hong Kong dollar and Singapore dollar. ”