Jack Ma (L), CEO of Alibaba, celebrates with Daniel Rosensweig (R), COO of Yahoo, for their cooperation on August 11, 2005. [File photo]

NO 7 Yahoo China

It took only three months for Alibaba to acquire Yahoo China after negotiations began. By signing the deal, Alibaba received $1 billion investment from Yahoo while 39 percent of its stock rights were given to Yahoo! Inc.

Later developments showed that Yahoo China made little contribution to the entire group's expansion, and Alibaba lost crucial period to develop its middle- and small-sized companies' search engine strategy.

Even worse, a report released during Alibaba's IPO in Hong Kong in 2007 revealed that from 2010 onwards Yahoo planned to increase its power at the board and did not rule out removing Ma from the board.

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