Sign up FAST! Login

Alibaba Challenges Tencent’s WeChat With Instant-Messaging App

Stashed in: Yowsah!, China!, Yahoo!, Alibaba

To save this post, select a stash from drop-down menu or type in a new one:

Analysts expect Alibaba may consider an initial share sale that could be the largest since Facebook Inc. The Hangzhou-based company has a value of about $87 billion, according to the average of 11 analyst estimates released in July.

Worth so much it could turn around and buy Yahoo if it so chooses.

You May Also Like: