Yahoo investment in Alibaba to yield a huge payout

Global Business

In Silicon Valley, tech companies have their eyes glued to the Alibaba IPO. And nowhere more so than at Yahoo, which owns a 22% share of Alibaba. CCTV America’s America’s Mark Niu reports from Silicon Valley.

Yahoo is making amends for years of blundering with one smart move: an early investment in Alibaba Group that has turned into a multibillion-dollar boon.

The latest windfall came with Alibaba’s record-setting IPO completed late Thursday, in which the Chinese e-commerce giant raised $25 billion. Alibaba’s shares began trading for the first time on Friday on the New York Stock Exchange. Analysts say Yahoo has not been nearly as aggressive as companies like Facebook, Amazon and Google in making acquisitions.

Yahoo investment in Alibaba to yield a huge payout

Yahoo investment in Alibaba to yield a huge payout

In Silicon Valley, tech companies have their eyes glued to the Alibaba IPO. And nowhere more so than at Yahoo, which owns a 22% share of Alibaba. CCTV America’s America’s Mark Niu reports from Silicon Valley.

Months before Alibaba’s big Wall Street debut– the e-commerce giant actually considered listing in Hong Kong. However, stringent regulations forced Jack Ma and company to look elsewhere.
For more, CCTV America’s Cathy Yang spoke to Ronald Wan, a Chief China Advisor of Asian.

Hong Kong's investors watch Alibaba's NYC debut

Hong Kong's investors watch Alibaba's NYC debut

Months before Alibaba's big Wall Street debut-- the e-commerce giant actually considered listing in Hong Kong. However, stringent regulations forced Jack Ma and company to look elsewhere. For more, CCTV America’s Cathy Yang spoke to Ronald Wan, a Chief China Advisor of Asian. Capital Holdings in Hong Kong.