Shares of Alibaba.com, the world's largest online platform for trade between companies, dropped almost 10 per cent yesterday after Yahoo sold its entire 1 per cent stake in the listed unit for about $150m.
Analysts took the move as an indication that Alibaba.com may be peaking after a sustained rally in its share price since January this year.
But the step again raised questions over Yahoo's long-term commitment as a key shareholder of Alibaba. The US internet company still owns 39 per cent of the unlisted parent of Alibaba.com.
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