According to Business Week, Alibaba is finally going public. The Hong Kong Stock Exchange has approved Alibaba to list up to US$1 billion in shares. Yahoo owns a 40% stake in Alibaba and many thought at the time that they paid too much. We’ll have to wait and see but my guess is that they will come out looking pretty good. Now if Yahoo could only gain some ground in the China search wars they would really be doing well. But considering how many issues they have with their US businesses my guess is China isn’t their first priority.
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