Yahoo, Softbank back Alibaba in HK IPO battle

Associated Press
Yahoo, Softbank back Alibaba in HK IPO battle

FILE - In this May 21, 2012 file photo, a group of men walk past the corporate logo at the headquarters compound of Alibaba Group in Hangzhou in eastern China's Zhejiang province. Chinese e-commerce giant Alibaba's biggest shareholders, Yahoo and Japan's Softbank Corp., on Friday, Sept. 27, 2013, backed the company's unusual management structure that Hong Kong's stock exchange was unwilling to accommodate, forcing it to look to the U.S. for a potentially mammoth IPO. (AP Photo/File) CHINA OUT

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