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Alibaba buys back 20 percent stake held by Yahoo

posted 21 May 2012, 04:53 by Mpelembe Admin   [ updated 21 May 2012, 04:53 ]

Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for 7.1 billion U.S. dollars, in a deal that moves the Chinese e-commerce leader closer to a public listing.

BEIJING, CHINA (REUTERS) - 


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