Alibaba stories
Alibaba's quest for global expansion faces stiff competition in Europe and North America, marking it a 'long-term play' in the digital market.
By growing internationally AliPay will be less at the mercy of Chinese regulators and better able to support Alibaba's global ambitions.
Yahoo will return US$3.65bn to shareholders after closing the deal with Alibaba Group. New CEO Marissa Mayer made the announcement.
