Yahoo!, the global internet search firm, is positioned for growth in China on the back of its partnership with a domestic e-commerce company that ihas raised the price range for its $1.5bn (€1bn) flotation, expected next week.

China's Alibaba.com, a global e-commerce giant, has increased the price range for its flotation on the Hong Kong stock exchange due to investor demand. The initial public offering is now set to raise $1.49bn.