Chinese Internet company Alibaba is investing in new lobbying power in the U.S., a move that syncs up with its reported plans to make a serious bid for Yahoo.
A legal filing unearthed this week shows that the company hired the services of Washington D.C.-based Duberstein Group, headed by President Reagan's former chief of staff Kenneth Duberstein.
The hire comes months after chatter about Alibaba making a move to acquire Internet giant Yahoo. In a talk at Stanford University in September, Alibaba CEO Jack Ma told an audience that he was "very interested" in such a deal. … Read more