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Yahoo Inc.'s China portal will be reoriented as a business-focused search engine, the company's head announced Monday, saying the firm had to change or fail amid intense competition from domestic rivals.Jack Ma, chief executive of e-commerce giant Alibaba Group, which runs Yahoo's China operations, said specialization would help ward off competition from search leader Baidu.com and popular Web portals such as Sina.com.
"If Yahoo is going to win, it has to do so in a new way," Ma said.
Yahoo China To Be Geared To Business [latimes.com]