The awkward relationship between Yahoo and Chinese ecommerce giant Alibaba Group is growing even more uneasy. The latest indication: Alibaba wants to buy back some of its shares from stakeholder Yahoo, but Yahoo refuses to sell…
Yahoo shares were on the rise this morning after a Susquehanna analyst wrote that the company might be looking to unload its 39% stake in Chinese tech company Alibaba Group. Yahoo says it’s not true.
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Yahoo seems to be having trouble keeping its Asian partners happy. After South Korean and Japanese partners announced plans to ditch the Internet giant last month, Alibaba now says it may reconsider its partnership as well.
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