Yahoo Wants to Buy Stake in Alibaba

[engine]

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]

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

[bill]

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]

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

[redstorm]

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]

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.