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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
