The unlisted stock which could land Fidelity's Bolton a big payday

Anthony Bolton is backing one of his unlisted stocks to make significant returns for shareholders in his Fidelity China Special Situations trust later this year when it lists on Hong Kong's main market.

Bolton (pictured) has 2% of the trust in Alibaba, China's biggest e-commerce company, which is expected to float with a valuation of as much as $100bn in the second half of this year. Bolton said the trust's NAV will benefit when the stock lists as it will one of the biggest ever initial public offerings. "Alibaba is a company which everyone will be talking about a lot more in a year's time. The company is the equivalent of Amazon in China, with a huge market share, used by 56% of Chinese consumers. "The company is a platform rather than a merchant, which allows consumers to sell t...