Alibaba.com Ltd. suspended its shares from trading in Hong Kong as the company prepares a statement about a transaction involving its parent, which is raising about $3 billion to buy back stock held by Yahoo! Inc.

Trading in shares of Alibaba.com was halted on Thursday pending an announcement regarding its parent, Chinese e-commerce giant Alibaba Group, which reportedly plans to buy back the 40 percent stake in it held by Yahoo.

HONG KONG (Reuters) - Chinese e-commerce group Alibaba plans to take its Hong Kong-listed unit private, two sources familiar with the matter said, as part of a complex deal that would strengthen founder Jack Ma's control and give key stakeholder Yahoo cash and a direct stake in one of Alibaba's operating businesses. Alibaba Group, the online business-to-business group set up in 1999 by former ...

HONG KONG, Feb 10 — Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit private, two sources familiar with the matter said, and is working with Yahoo on an asset-swap deal that may result in Yahoo owning a direct stake in one of Alibaba Group’s operating businesses. The sources told Reuters that taking Alibaba.com ...

SHANGHAI (Reuters) - If anyone can pull off the labyrinthine deal between Alibaba Group and Yahoo Inc, it's Jack Ma, who founded the e-commerce group and within a decade unlocked China's huge online shopping potential. The former tour guide and English teacher, who is now worth around $1.6 billion according to Forbes and has dubbed himself 'China's Forrest Gump', built his e-commerce empire from ...

Chinese online commerce giant Alibaba plans to borrow $3 billion to buy back the stake Yahoo! owns in the company, a report said Thursday, as the struggling US Internet firm overhauls its Asia holdings.

(Reuters) - Alibaba Group plans to take its Hong Kong-listed unit private, sources have told Reuters, in a move that would tighten founder Jack Ma's grip on the company and give Yahoo Inc cash and a likely stake one of the Chinese e-commerce group's operating assets. Alibaba is 40 percent-owned by Yahoo, while Japan's Softbank Corp has a stake of around 30 percent. Ma owns the rest. Last year ...

SHANGHAI/HONG KONG (Reuters) - Trading in shares of Alibaba.com Ltd was halted on Thursday pending an announcement regarding its parent, Chinese e-commerce giant Alibaba Group, which reportedly plans to buy back the 40 percent stake in it held by Yahoo Inc. Sources told Reuters last month that Alibaba Group, founded by former English teacher and now billionaire Jack Ma, was looking to raise a $3 ...

Chinese e-commerce major Alibaba Group plans to take Hong Kong-listed unit Alibaba.com private as part of a broader deal aimed at buying back most of Yahoo Inc.'s 40% stake in the group, Reuters reported Friday, citing two unnamed sources familiar with the deal.

The Alibaba Group is working on a complex plan to buy back most of Yahoo's stake in the company, and using Alibaba.com could remove an additional complication.