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culturestate
on May 21, 2012
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Yahoo sells 1/2 its Alibaba stake for $7.1B
For reference, here is a photo of Alibaba's HQ in Hangzhou [1]. In addition to the B2B part that others have discussed, they also own Taobao (the eBay of China) and Alipay (the PayPal of China).
[1]
http://en.wikipedia.org/wiki/File:Alibaba_group_Headquarters...
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[1] http://en.wikipedia.org/wiki/File:Alibaba_group_Headquarters...