China’s Alibaba Looking to Buy Out Yahoo’s Stake
By: Geoff Duncan •
June 30, 2010
According to Digital Trends, "Yahoo owns 40 percent of China's Alibaba...but now the ecommerce giant wants to buy Yahoo out."
One of China’s Internet successes has been the Alibaba Group, which includes the Alibaba and Taobao ecommerce and online auction sites. Back in 2005, Internet giant Yahoo wanted to establish a significant foothold in the Chinese market, so it put down $1 billion for a 40 percent stake in the Alibaba Group—a stake it holds to this day despite
Image via CrunchBase
