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...commerce market in China. That includes the CEO of the local company giving eBay fits there, Yun (Jack) Ma of Alibaba-Taobao. On Aug. 8, the Alibaba-eBay competition ceased being a David vs. Goliath battle. Ma announced he was selling a 40% stake in his company to Yahoo! for $1 billion...
...welcome her and the eBay team to China, and with this Yahoo! deal, we decided to give them a nice big welcome gift," Ma says puckishly. The move instantly transformed the pivotal fight for the e-commerce market in China into a high-profile showdown between two of the most successful companies of the Internet age. "The competition [for the China market] will be fierce, no doubt about it," says Yahoo! co-founder Jerry Yang, who has been friends with Ma for years...
...says he and Yang started talking seriously about a deal in May. The key to it, Ma says, is that it gives Alibaba a strong position in four growth segments: business to business, consumer sales, online payments and now, with Yahoo!, search. "When we started Taobao, even our own chief technology officer said, 'Jack, you are crazy. Don't forget eBay.' But we passed eBay in China in just two years." Whitman, for her part, could not have been surprised by Yahoo!'s entrance into China. "Given how quickly the Internet and e-commerce market is exploding in China...
...social-network sites, a growing group of companies is trying to figure out how to turn the cacophony of personalized information into usable form - and viable businesses. They call it the Shared, Trust or Referral Economy, and it is the current obsession of every Web company from Amazon to Yahoo!. Consider: in July, Rupert Murdoch's News Corp. spent $580 million to acquire Intermix Media, a U.S.-based company whose prime asset is MySpace, a site that lets members share their blogs, photos and favorite music. In March, Yahoo! bought Flickr, a photo-sharing website, for an undisclosed...
...let’s face it—the space shuttle and Raphael Palmiero have been getting far more press. On Tuesday, the sixtieth anniversary of the Nagasaki bombing, “Runaway bride mows lawn as part of service” was one of the top stories on Yahoo news. Nagasaki was nowhere to be found...