Alibaba Wants to Acquire Yahoo

Jack Ma, Chairman and CEO of Alibaba Group, recently confirmed his strong interest in buying US Internet giant Yahoo, during a speech in a conference entitled "China's 2.0: Transforming Media and Commerce" at Stanford Graduate School of Business.

The video is really worth watching since Jack Ma also talks about ecommerce, notably about his companies Alibaba and Taobao, and explained how these company have succeeded, the mistakes they have made and the difficulties they now face.

Here is the full video:

Yahoo currently owns 40% of Alibaba while Alibaba owns Yahoo China. Last year, Alibaba acquired an US ecommerce website named Vendio and bought shares in Sogou, a Chinese search engine.