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Yahoo! surprised many by reporting unexpectedly robust earnings on April 22nd. However, without the non-cash contribution coming from the initial public offering of part of China's Alibaba Group, in which Yahoo! is a minority stakeholder, the U.S.-based Internet company's quarterly results would have been far less impressive. Noah Elkin and Olivier Le Sayec from Steak Media explain more.
Read more of 'Yahoo!'s Chinese success'
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