Analysts in the US are betting on a delay in the stock market listing of Chinese ecommerce giant Alibaba.
Late last week, one stockbroker redrafted the valuation of its major Alibaba shareholder Yahoo!, which owns a 24 per cent stake in the online retailer.
The Chinese internet giant is seeking to extend terms on an $8 billion loan from this month until December 31, according to reports In December. The move is interpreted as an attempt by Alibaba to give itself breathing space and makes it likely there could be a delay until 2015, the reports said.
Analysts at Stifel said Yahoo! would be prime beneficiary of any delay raised their target price on the struggling internet firm by 23 per cent to $49 late last week.
Stifel argued that Alibaba would be larger by then and, therefore, worth more money.
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