Yahoo posted strong quarterly results Monday, blowing past analysts' expectations, even without its one-time gain from saling part of its stake in China's Alibaba. But Yahoo has beat the targets for three quarters running. What it hasn't been able to do is drum up much revenue growth.
Yahoo will live up to its promise to pay its shareholders most of the money from a $7.6 billion deal with the Chinese Internet company Alibaba Group.
Everyone seems anxious to hook up Yahoo! these days. The dot-com pioneer has become that single aunt in every family whom everyone thinks sorely needs a soul mate. But what if Yahoo! is happy to be single? After all, it just spent $270 million on a acquisition of its own to beef up its online advertising.
Groupon has entered China via its investment in GaoPeng.com, the group-buying site that launched in Beijing and Shanghai yesterday.
Yahoo, which holds roughly 40% of Alibaba's Chinese parent, Alibaba Group Holding, had been pining for an IPO of the e-commerce giant's sister company, Taobao. Now, though, with a fraud probe underway, Yahoo's chances of cashing in on an IPO just got slimmer.
Just a few months after Google exited the Chinese search market, Microsoft and Chinese e-commerce giant Alibaba Group have partnered to launch their own Chinese search site, Etao.