Yahoo intends to keep a stake above its original plan

Yahoo intends to keep a stake higher than its original plan after the Alibaba Group's listing in the future.

In the early hours of October 16 in Beijing, Yahoo announced the latest deal with Ali on Repurchase Stakes: the original Yahoo promised Ali to give Ali the top cap on the IPO (initial public offering), down from 261.5 million to 208 million. It is calculated that after Ali listed, Yahoo will be able to maintain about 13% of Ali Equity.

At present, Yahoo holds 523.6 million shares of Ali stake, accounting for the ratio of 24%. As of yesterday, the two companies did not explain the reasons for the revision of the agreement.

Ali three consecutive quarterly net profit over Tencent

Yesterday with the Yahoo Quarterly bulletin also disclosed, and Ali's latest earnings. In the second quarter of 2013, Ariying received 1.737 billion U.S. dollars, up 61% from a year earlier, at a slower rate of 71% per cent in the first quarter, with operating profit of $856 million, up more than 372 million dollars a year earlier, with a quarterly operating profit of 49% and a net profit of $710 million.

It has been Ali's third consecutive quarter of net profit over Tencent, the country's most lucrative Internet company title. Ali's net profit in the first quarter amounted to $669 million, according to previous earnings reports, and a net gain of $642 million in the fourth quarter of 2012.

Ali is planning an IPO, which is expected to raise $10 billion trillion and value more than $70 billion trillion. This will make it the biggest and most anticipated IPO since Facebook's IPO. Facebook financed 16 billion of billions of dollars in its May 2012 IPO.

But the listing remains a mystery. Tsai, vice chairman of Ali, said at Stanford University in the United States, in the choice of listing, if there is a market "regret", Ali will still seriously consider. Although Tsai did not say where the market was, it was clear that he was pointing at the HKEx.

Because of the "different rights" problem, Ali landed on the HKEx's plan was once stranded. It is worth mentioning that in the previous Ali and HKEx on the issue of the listing of the stalemate, Yahoo has issued a statement, the strength of Ali's "partner" system.

It is widely believed that Ali's IPO process will not drag too long.

The Wall Street Journal yesterday quoted people familiar with the matter as saying that Ali was currently seeking a U.S. listing but had yet to decide whether it was on the New York Stock Exchange or on the Nasdaq market.

Twitter quarterly loss twice times ready to go public on NYSE

By contrast, Twitter yesterday announced that it wanted to apply for the listing of its common stock on the New York Stock Exchange, which TWTR the stock code. It is by far the New York Stock Exchange's biggest success in attracting new tech companies to the market.

Two news sources told Reuters that Twitter is expected to start the roadshow on October 28 and start trading in mid-November.

local time October 15, only eight-year-old Twitter submitted the latest IPO document, said the third quarter, the company maintained the latest revenue and user expansion speed, but its losses continue to expand.

In the third quarter, Twitter revenue grew more than one to 168.6 million dollars. But the net loss in the quarter widened to $64.6 million, a net loss of $21.6 million a year earlier.

In the third quarter, Twitter's active monthly users grew by an average of 39% to 231.7 million. When the company first disclosed its IPO documents on October 3, it was home to about 218 million active users.

The increase in losses was due to a big increase in sales and marketing spending, Reuters said. For now, Twitter is expanding its sales team in offices around the world, with sales and marketing costs rising from $23.7 million a year ago to $61.2 million in the third quarter.

In the third quarter, Twitter received more than 70% of its advertising revenue from mobile phones and tablet devices, compared with 65% in the second quarter.