The Chinese e-commerce giant Alibaba, has been expanding its business beyond its key base, venturing into other options such as online video, with a notable slowdown of growth in its online shopping business.
Yahoo's $31 billion stake in Alibaba helps the company to maintain a market value of more than $32 billion.
On Wednesday, Yahoo's board of directors shelved the plans of spinning off Alibaba shares and creating a new company, which is the cash cow of the Yahoo.
Struggling Internet search giant Yahoo Inc. is mulling plans to scrap long-planned spinoff of its stake in Chinese e-commerce firm Alibaba Group Holding Ltd., people familiar with the matter revealed.
Alibaba Group Holding Ltd, the e-commerce giant from China is trying to stay off the blacklist of the US Trade Representative after facing renewed pressure over suspected fakes that are being sold on its shopping platforms in the current year.
Yesterday, reports that originated from China hinted that the fast emerging O2O industry is all set to witness a $15billion mega merger between the two largest discount platforms in the industry.
Chinese e-commerce giant, Alibaba Group Holding Ltd said, it expects lower e-commerce transactions in the quarter which ends in September than what it had forecasted earlier owing mainly to the slowing growth of the Chinese economy.
On Tuesday, at a conference in New York, the Chinese e-commerce company's Jane Penner who is the investor relations head said that Alibaba is "observing some negative impact to the magnitude of the spending" by the consumers in China on their online platforms.
Questions can be raised again on Alibaba's intention to move into the American market as Alibaba Group Holding Ltd. bought a stake of nine percent or more in Zulily Inc., which is an online retailer in the U. S.
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