To differenitate itself from Taobao.com, Alibaba Group has changed Taobao’s Tmall.com chinese name to 天猫. Tmall is designed
Alibaba Jack Ma greets his staff and clients before APEC SME Summit 2009 August CPI and PPI figures in China show the domestic economic recovery remains on track
Yahoo! Inc sells her shares in Alibaba
- Yahoo! Inc sells 150 million worth of Alibaba stocks
Alibaba.com (HKSE1688) may under price pressure today as its US search engine partner, Yahoo! Inc has decided to sell 57.48 million shares of Alibaba.com at HK$19.80-20.30 each, according to a term sheet obtained by Reuters on Monday. The price range represents a 4-6.4 percent discount to the stock’s closing price of HK$21.15 on Monday.
In 2005, Yahoo paid $1 billion and swapped its Chinese operations for a 40 percent stake in closely held Alibaba Group, the unlisted parent company of Alibaba.
In 2007, the U.S. Internet portal was one of eight “cornerstone” investors which subscribed to the $1.7 billion initial public offering of Alibaba.com, the biggest first-time share sale by an Internet company since Google Inc.’s IPO in 2004.
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