Wednesday, August 10, 2005

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.

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