Jack Ma

Private-Equity Firms Ask Alibaba to Join Yahoo Bid

A group of private-equity investors is calling on the CEO of Chinese Internet giant Alibaba Group to throw his support behind a buyout offer for Yahoo, Reuters reports. Alibaba founder Jack Ma is reportedly considering his options regarding the U.S. firm that holds a 40% stake in his company.

Tensions Between Yahoo and Alibaba Grow Worse

The awkward relationship between Yahoo and Chinese ecommerce giant Alibaba Group appears to be growing even more uneasy. The latest indication of this comes from a series of very public disclosures that Alibaba wants to buy back some of its shares from stakeholder Yahoo, but Yahoo doesn't want to sell.