乌龙?

昨天再看了一下有关阿里巴巴回购yahoo所持股份的报道，突然搞明白这次股东大会讲的回购是指1688的回购。确实不应该搞错，因为这本来就是1688的股东大会啊。由于一上来就有很多人狂问如果回购，我的yahoo怎么办，我自己就想当然以为他们说的是回购yahoo所持的阿里集团的股份了。

Source: http://nteswjq.blog.163.com/blog/static/126998120104250398939/

A blunder?

> By Duan Yongping · his NetEase blog (nteswjq.blog.163.com, now closed; read from web archives) · 2010-05-25 · [Original link](http://nteswjq.blog.163.com/blog/static/126998120104250398939/) ([archived](https://web.archive.org/web/20100528143221/http://nteswjq.blog.163.com:80/blog/static/126998120104250398939/))

> This post includes letters from others or quoted material; Duan Yongping's own words are marked separately.

Yesterday I looked again at the reports about Alibaba buying back the shares held by Yahoo, and suddenly realized that the buyback discussed at this shareholder meeting referred to buying back 1688 [Alibaba.com's listed shares]. I really shouldn't have got it wrong, since it was 1688's shareholder meeting in the first place.

Because right from the start lots of people were frantically asking what would happen to my Yahoo if there were a buyback, I took it for granted that they meant buying back the Alibaba Group shares held by Yahoo.

I wondered why Jack Ma was talking so big, saying the company had plenty of cash for buybacks; it turns out he meant buying back the 1688 part.

There should be many ways to buy back 1688; the only question is whether Yahoo sells or not. I think Yahoo may still sell, but the chance isn't very high, because Yahoo isn't short of cash right now, and selling means paying tax. The part Yahoo has already sold, as I recall, was the part Yahoo bought when 1688 listed.

[Translator's note: a passage quoted from blog reader maoshch's comment in the comment section stands here in the original; it is not Duan Yongping's words and is not translated.]

---- That's right too. Could Yahoo sell the 1688 part on its own? It certainly won't sell as a whole.

Looks like I've blundered once again.