Yahoo dealing for a big move into China
A New York Times article by David Barboza, via The International Herald Tribune, reports that:
Yahoo, one of the world's biggest Internet companies, is negotiating to acquire a stake in Alibaba.com, China's largest e-commerce company, people familiar with the talks said on Monday.
The two Internet companies have held discussions for months, and it is still unclear whether they will reach an agreement soon, these people say. But an alliance between Yahoo and Alibaba would greatly intensify competition in China's growing Internet auction market.
The deal could result in one of the largest foreign investments ever made in a Chinese technology company, and it seems destined to create an even stronger competitor in China for eBay, the online auction giant.
posted by Fergie @ 8/08/2005 10:48:00 AM
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