BIZCHINA / Ma Yun
The Yahoo!-Alibaba deal
Updated: 2005-08-11 19:19
Alibaba chief executive Jack Ma (3rd R) and Yahoo chief operating officer
Daniel Rosensweig (2nd R) gesture during a press conference in Beijing,
August 11, 2005. Yahoo Inc. will pay $1 billion for 40 percent of Chinese
Web auctioneer Alibaba.com, taking on eBay and search firm Baidu.com as
it extends its reach in the world's second-biggest Internet market. Photo
in the background shows Jerry Yang, co-founder of Yahoo and Jack Ma on
the Great Wall. [newsphoto]
(For more biz stories, please visit Industry Updates)
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