According to Pacific Epoch, the earlier rumor of Yahoo buying into Chinese e-commerce company Alibaba getting more fuel: Alibaba will transfer a 35 percent stake of the company to Yahoo and in return gain control of Yahoo China’s core businesses, according to a Sina story. The deal will not involve cash and Alibaba CEO Jack Ma might be appointed Yahoo China president.
Related: Yahoo May Buy Stake in Chinese E-Com Firm Alibaba
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