Alibaba Regains Control
Alibaba Group Holding Ltd.’s deal to buy back shares from Yahoo Inc. gives the Chinese e-commerce company the control it craves to grapple with mounting domestic competition and logistical challenges.
The deal marks the unraveling of one of the most celebrated tie-ups between Western and Chinese Internet companies, which gave a boost to Alibaba Chairman Jack Ma in the partnership’s early days but became strained in recent years.