Alibaba Group, the part-Yahoo (NSDQ: YHOO) owned Chinese e-commerce giant, has a new investor in George Soros. Alibaba says Soros’ Soros Fund Management is now one of the top three shareholders of its Alibaba.com subsidiary, according to a report in the WSJ. Yahoo is the top shareholder in Alibaba Group with a roughly 43 percent stake — and Soros’ involvement reinforces just how smart keeping those shares has been (Quite the contrast to some of the company’s other strategic moves). Alibaba Group has said publicly it wants to buy back Yahoo’s shares but CEO Carol Bartz has been adamant that the stake is a way to “profit” from the Chinese internet market, while avoiding the well-known complications of operating directly there.
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