Alibaba steals Yahoo's thunder ahead of IPO

Some analysts think the most outstanding thing about Yahoo's first quarter results was the very strong Q4 2013 profit of US$1.35bil posted by Alibaba, the Chinese web giant in which Yahoo has a 24% stake - Reuters.

NEW YORK:If Yahoo appears back in favour, it can thank Alibaba, the Chinese web giant in which it holds a big stake and which is set for a public stock offering.

Yahoo shares soared 6.26% to close at US$36.35 on Wednesday on the heels of a better-than-expected quarterly report, but it was in part because some were more focused on the Alibaba financial results buried in the document.