"Alibaba.com appears to be riding on the back of the big surge in Yahoo's share price following news of Microsoft's takeover bid for Yahoo," said Paul Woodward, principal at information technology consultancy firm Business Strategies Group.
"I don't think there is any case yet of anyone, such as Microsoft, showing interest in acquiring Alibaba.com which is small relative to global players," he said.
I won't be going back on the Alibaba Christmas card list any time soon with later comments in the piece about valuations. Not that anybody takes too much notice of what I'm saying on this. I see the stock is up another almost 5% this morning.
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