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Yahoo Wants to Buy Stake in Alibaba
engine

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Msg#: 3472780 posted 2:57 pm on Oct 9, 2007 (gmt 0)

Yahoo Inc will buy 10 percent of a share sale by Alibaba.com Ltd, China's biggest e-commerce firm, as it steps up a battle with Google Inc and Baidu in the world's second-biggest Internet market.

Yahoo Wants to Buy Stake in Alibaba [news.yahoo.com]

 

redstorm

10+ Year Member



 
Msg#: 3472780 posted 3:57 am on Oct 10, 2007 (gmt 0)

The market is really hot: online sales doubled in the past golden week holiday from Oct 1st to 7th as well.

bill

WebmasterWorld Administrator bill us a WebmasterWorld Top Contributor of All Time 10+ Year Member Best Post Of The Month



 
Msg#: 3472780 posted 4:29 am on Oct 10, 2007 (gmt 0)

Keep in mind that this is a stake in the Alibaba.com website, not the Alibaba Group that runs Yahoo China. Alibaba.com is their flagship B2B portal.

jeffposaka

5+ Year Member



 
Msg#: 3472780 posted 4:41 am on Oct 10, 2007 (gmt 0)

We were talking about Alibaba yesterday for about 4 hours...I wonder if it goes through how it will affect the Japan version?

redstorm

10+ Year Member



 
Msg#: 3472780 posted 4:01 am on Oct 11, 2007 (gmt 0)

Now, not official news: it's said that Terry Guo, the top billionaire of Taiwan, chairman with Foxconn Group, will also buy some stakes in Alibaba!

Kenny payment asia

5+ Year Member



 
Msg#: 3472780 posted 4:37 am on Oct 20, 2007 (gmt 0)

This is true. Terry Guo is entering to the virtual business and this even create more noices to the market.

Jack Ma is really good at making marketing moves. This cross-over of traditional and virtual bsuiness mix-up will really help out for this IPO moment.

Really want to see what will be Alibaba next move after IPO and what effect will leads to their competitors/ companies from the same industry.

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