Yahoo to spin off its stake in Alibaba
Yahoo will spin off its stake in Alibaba Group to form a new investment company, placating shareholders who wanted more value from Yahoo's share in the Chinese e-commerce giant.
Yahoo will spin off its stake in Alibaba Group to form a new investment company, placating shareholders who wanted more value from Yahoo's share in the Chinese e-commerce giant.
Microsoft is all about Windows 10 this week ... the NSA was lurking in NK networks before Sony hack ... Alibaba's move in the U.S. starts with partners ... and more
European ministers want tighter watch on Internet content ... Obama will propose faster reporting of corporate hacks ... Alibaba may buy into India e-commerce... and more news for Monday.
Blowing up entrenched business models and picking up the profits that spill onto the floor is a time-honored tradition in tech, these days known by the cliche of the moment, "disruption." Here are our picks for the top stories of a very, well, disruptive year.
What happens when the world's most populous country goes on an online shopping binge?
In their first day of trading, shares of Alibaba stock opened at US$92.70 on the New York Stock Exchange on Friday, an increase of more than 35 percent over the $68 initial public offering price.
Alibaba, an e-commerce giant in China, wants to make new friends in the U.S. Especially friends with money.
Alibaba is looking to raise as much as $US21 billion in its U.S. IPO, according to documents filed Friday, making the Chinese e-commerce company's debut one of the largest initial public offerings in U.S. history.
Alibaba Group is investing about US$692 million in retail company Intime Retail with the aim of setting up a joint venture that aims to provide linkages between their online and physical retail businesses in China.
Positive earnings news from the likes of Facebook, Google and Apple helped boost tech shares in what was otherwise a gloomy week for the markets.
Yahoo's profits rose by 46 per cent in the second quarter, aided by nearly a dozen product launches, though sales at the company were still down.
Chinese Internet giant Alibaba Group has acquired an 18 percent stake in the Twitter-like Weibo service from Sina, as part of a partnership focused on social commerce and giving merchants on Alibaba the opportunity to connect and build relationships with Weibo users.
Yahoo's music service for China will close in January, after once being accused of supporting music piracy.
Japanese mobile platform operator DeNA said Wednesday it will offer its core game software on the Aliyun mobile OS developed by Chinese e-commerce giant Alibaba Group.
Even though Yahoo CEO Carol Bartz made soothing comments about her company's relationship with Alibaba Group on Friday, the Chinese e-commerce giant doesn't feel the same way, according to a source with knowledge of Alibaba's thinking.