A foray by Yahoo’s Hong Kong unit into mainland China has triggered a quarrel between Alibaba, the Chinese e-commerce group that owns Yahoo China, and Yahoo Inc, one of its major shareholders.
“We might have to further re-evaluate our relationship with Yahoo,” said John Spelich, spokesman of Alibaba.com, the group’s listed flagship, on Thursday, following reports that Yahoo Hong Kong had started taking advertising business from customers in mainland China.
The spat is set to reignite speculation over the future of Yahoo’s investments in Asia.
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