Alibaba.com shares surge in HK
Shares in the Hong Kong listed Alibaba.com have risen by as much as 40% after its parent company said it planned to take the e-commerce site private.
The group is 43% owned by US internet giant Yahoo and there is speculation that this move could be linked to attempts to buy back Yahoo's shareholding, as the BBC's Juliana Liu reports.
22 Feb 2012
- From the section Business