As China's economy continues to grow, Chinese companies are flooding the U.S. IPO market. Six of the nine companies scheduled to go public on U.S. exchanges this week hail from China, and one Taiwanese company is also planning its debut.
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.