全球最大电子商务网上贸易平台阿里巴巴(Alibaba.com)的股价昨日下跌近10%。此前，雅虎(Yahoo)以大约1.5亿美元出 售了所持该公司上市部门全部1%的股份。 uZ+vY F^
Shares of Alibaba.com, the world's largest online platform for trade between companies, dropped almost 10 per cent yesterday after Yahoo sold its entire 1 per cent stake in the listed unit for about $150m. VV"1I R
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分析师们认为，此举表明阿里巴巴股价自今年1月以来的持续上涨也许已经见顶。 7vEZb.~4z
Analysts took the move as an indication that Alibaba.com may be peaking after a sustained rally in its share price since January this year. a3^ ({;k!0
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但是，此举再次给雅虎作为阿里巴巴关键股东的长期承诺划上了问号。这家美国互联网公司仍拥有阿里巴巴未上市母公司39%的股份。 v f?m-wh
But the step again raised questions over Yahoo's long-term commitment as a key shareholder of Alibaba. The US internet company still owns 39 per cent of the unlisted parent of Alibaba.com. ;w^{PZBg
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雅虎出手上述股份，以锁定自阿里巴巴2007年上市以来其股价的增值。 -}P/<cu:
Yahoo sold the stake to realise profits made since Alibaba's 2007 listing. zN>tSdNkI-
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“雅虎经常评估其各项金融投资，而本公司对阿里巴巴的1%直接IPO投资的价值，已有大幅增长。这种增值就是雅虎出 售此项金融投资的原因，”该公司表示。 CxJH)H$
“Yahoo regularly evaluates its financial investments and the value of its 1 per cent direct IPO investment in Alibaba.com has increased substantially. This increase is why Yahoo sold this financial position,” the company said. N>',[4pJ|
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就在一周前，阿里巴巴的创始人和董事长马云(Jack Ma)以2.7亿港元（合3400万美元）出 售了所持上市部门的部分股票。据该公司称，马云所持股份不到阿里巴巴的5%。 U\UlQ p?
Its move came barely a week after Jack Ma, Alibaba's founder and chairman, sold what the company said was less than 5 per cent of his holdings in the listed unit for HK$270m ($34m). @H|3e@5([
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此举“可能消除了雅虎出 售阿里巴巴股份的顾忌”，高盛(Goldman Sachs)分析师詹姆斯•米歇尔(James Mitchell)在一份研究报告中表示。 jf sbv
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This was “likely to remove any stigma associated with Yahoo selling shares in Alibaba.com”, said James Mitchell, an analyst at Goldman Sachs, in a research note. 'L ]k \GO
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“阿里巴巴股价已大幅上涨，今年迄今上涨了300%，自雅虎最初投资以来也已上涨50%。” }yMA s
“Alibaba.com shares have rallied sharply, up 300 per cent year to date and up 50 per cent since Yahoo's initial investment.” W3Dtt-)E
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过去一年来，得益于金融危机，阿里巴巴实现了强劲增长，因为中小企业纷纷转向互联网，将其当作一种低成本营销渠道。 5 /4q}U3
Alibaba has had strong growth during the past year, benefiting from the financial crisis as small and medium-sized enterprises turned to the internet as a low-cost marketing channel. 5J m %*Wb
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但雅虎并未获益于这种增长。虽然该公司曾希望，2005年与阿里巴巴建立联盟关系，将有助于自己在全球用户最多的互联网市场落脚，但实际发生的情况恰好相反。 KcF#c_f
But Yahoo has not profited from this growth. Although the company had hoped that its 2005 tie-up with Alibaba would help it get its feet on the ground in the world's largest internet market by users, the opposite has happened. QOKE9R#Y
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据北京互联网研究机构——易观国际(Analysys)介绍，雅虎的中国网站现在已被边缘化，市场份额只有6%，而谷歌(Google)的中国市场份额接近30%，中国本土搜索巨擘百度(Baidu)的市场份额超过60%。 9xI z[`)i.
According to Analysys, the Beijing-based internet research house, Yahoo's China site is now marginalised with a market share of 6 per cent, compared with close to 30 per cent for Google and more than 60 per cent for Baidu, the local search giant.
