Yahoo, Alibaba.com join in China Internet

Oct 24, 2005

Yahoo! said Monday it has joined forces with China's Alibaba.com to create an Internet company.

"Through this strategic partnership, we will combine the best of commerce, search, communications, and online advertising capabilities in new ways for Chinese consumers and businesses, under the management of a strong local team," Yahoo! Chairman Terry Semel said in a news release.

"By adding Yahoo China to Alibaba.com's portfolio of businesses, we are adding services such as search and communications to our already comprehensive range of e-commerce services," stated Jack Ma, chairman of Alibaba.com.

The partnership will allow Alibaba.com to be the only Internet company in China that is strong in e-commerce, online payment and Internet search functions, Yahoo! said.

Copyright 2005 by United Press International

Explore further: Greenland darkening to continue, predicts CCNY expert Marco Tedesco

Related Stories

For many US teachers, the classroom is a lonely place

59 minutes ago

One of the best ways to find out how teachers can improve their teaching is to ask them. The massive Teaching and Learning International Survey (TALIS) did just that and the answers offer crucial insights for teachers, school ...

Recommended for you

Germany still has some way to go to 'smart factories'

11 hours ago

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry as having some way to go towards incorporating them on factory floors ...

Quantum dot TVs are unveiled at China tech expo

22 hours ago

At this month's China Information Technology Expo (CITE) event, a headline-maker was the launch of quantum dot televisions, by QD Vision and Konka, the consumer electronics company. QD Vision's calling card ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.