• Reuters, Monday, September 14, 2009 3:02 PM

Apparently bearish on China's B-to-B Web marketplace industry, Yahoo is selling its entire 1.14% stake in Alibaba.com for about $150 million. Yahoo still holds a 40% stake in the unlisted parent company, Alibaba Group. Yahoo paid more than $1 billion in 2005 as part of its investment into Alibaba Group. In late 2007, Alibaba.com raised $1.49 billion in its IPO in Hong Kong, with Yahoo buying a portion of the offering at the time. Amid company restructuring, tensions apparently emerged between Alibaba Group and Yahoo, which recently became more strained when word leaked that Yahoo's new CEO Carol Bartz wasn't happy with the way Alibaba has handled its Chinese portal.

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