Latest Jack Ma Stories
Alibaba Group announced on Tuesday that it has bought back $7.6 billion dollars worth of stock from Yahoo Inc., moving the Chinese e-commerce giant one step closer to an initial public offering.
US Internet pioneer Yahoo, which has been struggling with cash flow and market relevance, has agreed to sell its stake in China’s top e-commerce player, Alibaba, for at least $7.1 billion, the two companies announced this weekend.
Yahoo and its longtime Chinese partner Alibaba are in the midst of complex negotiations to restructure the California-based web portal and search engine company's Asian holdings.
Since Yahoo co-founder Jerry Yang announced his departure, the lifeboats appear to be lowering in what could become a mass exodus from the struggling search portal.
Veteran web giant Yahoo announced today that PayPal President Scott Thompson will be taking over as the company’s chief executive.
According to congressional fillings, Chinese e-commerce giant Alibaba Group may be trying to make a bid to buy all of Yahoo Inc.
Global markets are abuzz as reports emerged Thursday that the Chinese e-commerce titan the Alibaba Group will try to finance as much as $4 billion of debt in an attempt to buy back Yahoo’s 40 percent stake in their company.
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