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Yahoo buys US$1 billion stake in Alibaba
(AFP)
Updated: 2005-08-11 22:01
Analysts said the partnership would work well for Yahoo.
"The deal will give Yahoo the reach of Alibaba's five million Chinese SMBs
(small and medium-sized businesses), who search for trading deals on the
platform," said Edward Yu, president of Beijing IT research and consulting firm
Analysys International.
"This will help Yahoo to cross sell its business products and services to the
established client base," he said.
The deal may also breathe new life into Epai, the firm's flagging joint
venture with Internet portal operator Sina, observers said.
Ma said some of the one billion dollar investment by Yahoo will be put into
building the joint company's search engine and e-commerce.
Rosensweig said Yahoo sees great potential in China.
"We're looking at five, 10 to 15 years, we think this might be the largest
e-commerce environment in the world, Internet search market in the world,"
Rosensweig said.
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