Alibaba May Re-Evaluate Its Ties With Yahoo

Yahoo owns 40 percent of China’s Alibaba Group, but since Yahoo Hong Kong’s Managing Director Alfred Tsoi Po-tak was quoted Monday as saying that the company wants to lure smaller mainland advertisers onto its site, the relationship has entered questionable territory. The move would put the two companies in direct competition, and as such, the alliance would need to be re-evaluated, according to John Spelich, a spokesman for Alibaba Group. Yahoo couldn’t be reached for comment.