HONG KONG: Shares in Chinas top e-commerce firm, Alibaba.com, slid more than 6% yesterday after the world's biggest software maker Microsoft dropped a bid for Yahoo, Alibaba's key investor.
Yahoo owns 39% of Alibabas parent, Alibaba Group, and Microsofts failure to win Yahoo means potential business opportunities Alibaba might have had with Microsoft, such as in advertising or online trading, would not now likely materialise.
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