Reports: Yahoo may take $1B stake in China's Alibaba
An AP newswire article, via USA Today, reports that:
Yahoo is discussing buying a stake in a major Chinese online commerce site, Alibaba.com, for up to $1 billion, news reports said Wednesday.
Both companies declined to comment on the reports.
Such a deal, if completed, would be the biggest yet in a flurry of investments in China by Internet companies eager for a share of a market with more than 100 million people online.
posted by Fergie @ 8/10/2005 06:14:00 AM
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