The investment company—what remains of Yahoo after it sold its web-portal business to Verizon in 2017—said it would sell and/or distribute its 11% stake in Chinese e-commerce giant Alibaba and liquidate itself. The stake, worth around $50 billion, is essentially Altaba's only asset.
Also know, when did Yahoo invest in Alibaba?
Furthermore, what happened to my Yahoo stock?
Jessica Altaba?) is the new name for what's left of Yahoo. The core business of Yahoo is now owned by Verizon -- and it is becoming part of a separate unit of the telecom giant called Oath, which also includes AOL. But Yahoo shares are still trading on Wall Street.
Is Yahoo owned by the Chinese?
Yahoo International The company's international sites are wholly owned by Yahoo, with the exception of its Japan and China sites. Yahoo holds a 34.75% minority stake in Yahoo! Japan, while SoftBank holds 35.45%, Yahoo! Xtra in New Zealand, which Yahoo! 7 have 51% of and 49% belongs to Telecom New Zealand, and Yahoo!
Is Alibaba bigger than Amazon?
Alibaba is often referred to as the 'Amazon of China' because of its growth trajectory being nearly identical to that of Amazon. While Amazon is the larger of the two companies by a significant margin, both companies have quite similar revenue streams.