Alibaba Challenges Tencentâ€™s WeChat With Instant-Messaging App
Geege Schuman stashed this in Alibaba
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.