Yahoo’s operations in China – Through Alibaba

Yahoo owns 39% stake in local ecommerce site, Alibaba.com. The money invested was $1.4 billion. The value of the investment is now $3.4 billion. Alibaba has now gone public at the HongKong stock exchange. 17% of its stake was sold in 858.9 million shares, each at a value of $1.75. Alibaba has hence raised $1.5 billion through going public.