Yahoo! buys 40% of Chinese e-commerce company Alibaba.com for $1 Billion.
Alibaba.com is China's largest e-commerce company. See list of businesses that belong to Alibaba.com below. Looks like Alibaba.com is mostly about B2B.
This is deal just another sign that e-commerce an the internet business in general is just coming back big time. It is not just Google who is doing well. It feels much more solid than it was during the bubble. The combined entity will consist of: Alibaba International, the world's largest online marketplace for global trade; Alibaba China, the largest online small- and medium-sized enterprise (SME) community in China; AliPay, China's leading online payment service; Taobao, China's most popular e-commerce website; and, the Yahoo! China properties, which includes the Yahoo! China portal and its communications and advertising services, Yahoo! Search Technology, and 3721, a leading keyword search service.
More details in this Alibaba.com press-release.
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