Yahoo Japan Shares Climb on E-Commerce Alliance With Alibaba
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Yahoo Japan Corp. jumped the most in a year in Tokyo trading after the online retailer said it is considering a partnership with Alibaba Group Holding Ltd.
The alliance would offer support and lower fees for Japanese e-commerce companies looking to list on China-based Alibaba’s Tmall and Tmall Global shopping sites, Yahoo Japan said in an e-mailed statement Friday. The Nikkei newspaper reported the tie-up earlier today.