Reflection on Alibaba’s Financing
Supervising Professor: Chen Long; Case Researcher: Yang Guchuan [ Language available : Chinese ]

In August 2005, Yahoo received 40% of Alibaba Group’s equity and 35% of voting rights at the expense of all of Yahoo China’s assets and USD 1 billion in cash. Why did founder Jack Ma allow Yahoo to become Alibaba’s biggest shareholder? During their seven-year marriage, what made Jack Ma finally see a reason to end the relationship?

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