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Microsoft and Yahoo alliance

Alibaba shares dive after Yahoo sells out

By Kathrin Hille in Beijing

Published: September 15 2009 04:49 | Last updated: September 15 2009 22:39

Shares of Alibaba.com, the world’s largest online platform for trade between companies, dropped almost 10 per cent on Tuesday 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.

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