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: Will Facebook make a car? Zuckerberg: Focus on the network

add to favorites email to friend print save as pdf

Related Stories

Review: Apple-centric 'Modern Family' goes beyond gimmicks

Feb 24, 2015

(AP)—When "Modern Family" producers revealed that they recorded this week's episode entirely with the iPhone and other Apple products, I was skeptical. I've seen too many good shows decline in quality over ...

Twitter steps up growth push as pressure builds

Feb 05, 2015

Twitter is stepping up efforts to boost its user base and monetization as the messaging platform faces pressure from lackluster growth since its stock market splash debut in late 2013.

Recommended for you

Facebook artificial intelligence team serves up 20 tasks

45 minutes ago

In August last year, Daniela Hernandez wrote in Wired about Yann LeCun, director of AI Research at Facebook. His interests include machine learning, audio, video, image, and text understanding, optimization, computer architecture and software for AI. ...

Car industry welcomes Google, Apple but battles loom

45 minutes ago

It could be the battle of the titans. Auto giants at the Geneva Motor Show say they welcome the potential move of Silicon Valley players into their sector but experts warn of major disruptions.

Clinton urges State Dept. to release her emails

55 minutes ago

Hillary Rodham Clinton urged the State Department to release the emails she wrote from a private email account as secretary of state, weighing in on a controversy that has generated negative attention this ...

Woman in Silicon Valley sex discrimination suit to testify

2 hours ago

The woman at the center of a sex discrimination lawsuit against one of Silicon Valley's most prestigious venture capital firms is set to take the stand in a case that has focused attention on the treatment of women in the ...

Experts: Clinton email practices risked data disclosures

2 hours ago

Hillary Rodham Clinton's use of a private email address and private computer server for official State Department business heightened security risks to her communications, such as the inadvertent disclosure ...

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.