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Article: Yahoo to buy stake in Chinese merchantA $1 billion agreement with Alibaba.com creates a fierce rival for eBay and Google
- Article from:
- International Herald Tribune
- Article date:
- August 12, 2005
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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David Barboza
International Herald Tribune
08-12-2005
Stepping up its presence in China, Yahoo said Thursday that it would pay $1 billion in cash and hand over its China operations to Alibaba.com in exchange for a 40 percent stake in Alibaba, China's largest e-commerce company. The deal is expected to create the largest Internet company in China. It will also create a fierce new rival in China for Google and eBay, which are also expanding their operations here. Yahoo's deal with Alibaba.com marked the largest foreign investment ever made in a Chinese technology company. The investment comes at a time when some of the world's biggest technology companies are racing to get a foothold in ...
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Article: Yahoo! and Alibaba.com Announce Completion of ...
Business Wire;
October 24, 2005 ;
700+ words
... ... combination in China. "Together, Yahoo! and Alibaba have created one of the largest ... strategic partnership between Alibaba.com and Yahoo! Inc.," said Jack Ma ... Alibaba.com. "By adding Yahoo! China to Alibaba.com's portfolio of businesses ...
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