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40% stake
- In 2005, Yahoo co-founder Jerry Yang led Yahoo’s negotiations to buy a 40% stake in Jack Ma’s then fledgling Chinese e-commerce company, Alibaba, for $1 billion. That stake is now worth over $20 billion.
fortune.com/2015/09/25/yahoo-alibaba-investment-jack-ma/
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Sep 30, 2014 · Yahoo's board agreed to sell 523 million Alibaba shares, half of its stake, back to Alibaba at $13 apiece. Yang hadn't been so keen to sell. They did anyway. By then he'd quit the board.
Yang met Alibaba founder Jack Ma in 1997 during Yang's first trip to China. Ma, a government-employed tour guide and former English teacher, gave Yang a tour of the Great Wall of China. The two hit it off and discussed the growth of the Web. Ma created Alibaba several months later.
Sep 29, 2023 · Jerry Yang recognized the potential of Alibaba, a Chinese e-commerce giant, and was instrumental in Yahoo!’s investment in the company. This strategic move proved to be highly profitable for Yahoo! in the long run. Jerry Yang resigned from Yahoo! in 2012.
GGV Capital’s Hans Tung and Zara Zhang interview Jerry Yang, the founder and former CEO of Yahoo, who orchestrated arguably the best deal in tech history: In 2005, he arranged for Yahoo to invest $1 billion for a 40 percent stake in fledgling Chinese ecommerce site Alibaba at a post-money valuation of $5 billion.
Jul 17, 2018 · Yang met Alibaba founder Jack Ma in 1997 on his first trip to China, when Ma was his tour guide sent by the Ministry of Foreign Investment, where Ma was working at the time. It was a fortuitous...
Sep 25, 2015 · In 2005, Yahoo co-founder Jerry Yang led Yahoo’s negotiations to buy a 40% stake in Jack Ma’s then fledgling Chinese e-commerce company, Alibaba, for $1 billion. That stake is now worth over...
Sep 18, 2014 · After all, it was Yang who was the architect of the $1 billion investment in Alibaba in 2005, which gave Yahoo (YHOO) a 40% stake in the Chinese e-commerce giant. Call it a life-changing...
