writes "Alibaba is a company that most Americans probably haven't heard of, but it's a hugely important Internet player in China, owning the Yahoo! China site as well as a host of other marketplace Websites. It's 40 percent owned by Yahoo, but now, in what seems a bit like a snake eating its own tail, Alibaba CEO Jack Ma has declared his interest in buying the embattled Internet portal outright."
The San Francisco Chronicle has a Bloomberg News article with more details
; they report that Alibaba is actually one of three parties looking into a joint bid for Yahoo, the others being the equity firm Silver Lake and Russian tech investor Digital Sky Technologies