China's take on Twitter, Weibo, sold an 18 percent stake of itself to major e-commerce site Alibaba today. The two hope to make hundreds of millions of dollars for the social media company while building out a mobile and social commerce mode for Alibaba.
Alibaba chairman Jack Ma said only two companies have ever recorded annual transaction volumes at this level: Wal-Mart and Alibaba.
Alibaba Group is raising $3 billion — not to buy back the 40 percent stake Yahoo holds in the parent company, as previously rumored, but to buy back the 27 percent of Alibaba.com stock currently floating around the public market.…
Chinese e-commerce giant Alibaba has suspended public trading of its shares in Hong Kong as it prepares to buy back its 40 percent stake held by Yahoo.
The transaction is said to be worth between $10 billion and $11.5 billion.…
Asian web powerhouse Alibaba has taken yet another step toward snatching up Yahoo.
The Chinese company has hired a Washington, DC-based lobby firm and a law firm specializing in cross-border mergers and acquisitions — likely a necessary step in the …
Leaders of 10 top Chinese tech firms, including Alibaba CEO Jack Ma (pictured), have pledged to uphold the censorship and surveillance goals of the Chinese government.
These firms met for three days in Beijing at the behest of the State …
In a talk at Stanford University, Alibaba CEO and chairman Jack Ma said, “We are very, very interested” in buying Yahoo, lock, stock and barrel.
According to All Things D, the executive also stated, “We are very interested in Yahoo. …
