On May 21, 2012, Alibaba Group repurchased 17% of its shares from Yahoo for US$7.1 billion, including US$6.3 billion in cash and no more than US$800 million in Alibaba preferred shares. In addition, Alibaba also paid $550 million in cash to Yahoo for revised technology and knowledge. Import & export on alibaba.com Alibaba group’s mission is to make it easy to do business anywhere.
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