Alibaba offers to buy rest of China's Youku in $3.6B deal

Alibaba said Friday it's offering to buy up the rest of Chinese video streaming site Youku Tudou in a $3.6 billion deal signaling the e-commerce giant's intent to expand beyond its core business of online shopping.

Yahoo says IRS declined to rule on Alibaba spinoff

A crucial deal for Yahoo has hit a snag, with the IRS declining to issue a private ruling that would have confirmed the Internet company can spin off its stake in China's Alibaba Group tax free.

Alibaba joins China arms maker to offer location services

Internet giant Alibaba has joined forces with China's biggest defence company to offer location-based services using a homegrown satellite navigation system that competes with the US GPS network, the firms said.

China's Alibaba to invest $1.0 bn in cloud computing

Chinese e-commerce giant Alibaba will invest $1.0 billion in its cloud computing arm to expand its international presence, the company said Wednesday, as it looks outside its core business and beyond traditional markets.

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