YHOO: Alibaba reportedly in HK IPO talks; Yahoo acqures startup to bolster Flickr

Alibaba reportedly in HK IPO talks; Yahoo acqures startup to bolster Flickr • 11:38 AM

• The WSJ reports Alibaba is talking with the Hong Kong exchange about having the right to nominate a majority of its board members post-IPO. The proposal is meant to allow chairman Jack Ma and other founders/execs to maintain control of Alibaba, in spite of Hong Kong's refusal to support a dual-class voting structure.
• The paper noted last week Alibaba, which could be given a $100B+ valuation  if it receives multiples similar to Facebook's, was looking for "creative" ways to list in HK rather than a U.S. exchange. Listing in the U.S. would enable a dual-class structure, but would also subject the Chinese e-commerce giant to SEC regulations and Sarbanes-Oxley reporting requirements.
• Meanwhile, 24% Alibaba owner Yahoo (YHOO) continues to avidly acquire startups. Its latest purchase is IQ Engines, a developer of two online photo APIs that respectively detect faces and allow users to interact with images of products and brand logos. IQ Engines is also working on a mobile photo album app that categorizes images based on automatically-generated tags.
• The startup's tools will be integrated with Flickr, whose site and apps are fresh off receiving big overhauls.

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