BEIJING, China — Alibaba Group Holding Ltd. and founder Jack Ma’s Yunfeng Capital agreed to buy a $1.22 billion stake in video website Youku Tudou Inc. as China’s biggest e- commerce operator prepares for a U.S. initial public offering.
BoF compiles the most important professional moves of the week.
SUNNYVALE, United States — Yahoo! Inc.’s Marissa Mayer can’t rely on Alibaba Group Holding Ltd. to bail her out much longer, putting the onus on her to accelerate a sales rebound that’s only getting started.
NEW YORK, United States — Alibaba Group Holding Ltd. may give Marissa Mayer a $10 billion chance to accelerate her dealmaking.
SAN FRANCISCO, United States — Facebook Inc.’s success in mobile advertising, which is making it a stronger rival to Google Inc., is also providing a model for other social-networking sites such as Twitter Inc., Pinterest Inc. and Snapchat Inc.