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August 8, 2005

Yahoo Talking About Purchasing Chinese E-Commerce Company

China, the Internet, and search companies are sure hot topics these days. This time around word from Forbes.com that Yahoo is in talks to buy an approximately 35% stake in China's biggest home-grown e-commerce company's, Alibaba.com, for almost $1 billion. The article also points out that this would be the largest investment by a foreign company in China's Internet industry to date.

Alibaba operates two online business sites ---Taobao.com, an online auction site, and Alibaba.com, an online trading site.

In 2003, Yahoo acquired Hong Kong keyword software company 3721.com and also operate the "search only" Yisou.com in addition to Yahoo China.

Posted by Gary Price at August 8, 2005 12:11 AM