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Yahoo makes big-money deal in China

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Yahoo makes big-money deal in China

Yahoo makes big-money deal in China
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It is being hailed as the biggest ever investment by a foreign firm in China’s technology market. US internet giant Yahoo has bought a 40 percent stake in Alibaba.com, the Chinese Internet auctioneer. It didn’t come cheap at nearly 807 million euros but Yahoo’s bosses, including chief operating officer Daniel Rosensweig, are delighted.