Yahoo Stocks Drop Due to Worse Relationship with Chinese Company Alibaba

Yahoo´s shares dropped another 6 percent on Friday under the aspect of the deteriorating relationship with the Chinese company Alibaba. 40 percent of the Internet company belong to Yahoo.

Alibaba is the owner of Yahoo China, Alipay, which is an online payment service, and two other big Chinese companies.

Previously, Yahoo´s shares declined 7 percent on Wednesday after Yahoo announced that Alibaba had transferred its complete ownership to Alipay.