Quote:China's Internet auctioneer flagship Alibaba Technology Co. Ltd. will continue to focus on integrating the Yahoo China operation, Jack Ma, chief executive officer of Alibaba.com, said here Friday, ruling out plans for new acquisition or stock listing in near future.
"To many people, putting his company on the stock market is a matter of course; but I haven't thought about it because I'm not short of money," Ma told Xinhua...
As China's largest e-commerce website, Alibaba.com acquired Yahoo China last August with a package of Yahoo China's assets includes Yahoo's search technology, the Yahoo China website, its communication and advertising business, as well as 3721.com, a Chinese language search engine.
As part of the acquisition agreement, Alibaba also obtained 1 billion U.S. dollars of investment from Yahoo as well the exclusive right of using the Yahoo brand.
In return, Yahoo will take 40 percent of Alibaba's shares...
full article:
http://news.xinhuanet.com/english/2006-0...287653.htm
Alibaba is also the owner of China's #1 consumer auction site Taobao
A related article:
Quote: Yet despite the massive investments made by the U.S. giants, Chinese Internet companies aren't showing any signs of defeat...
When it comes to auctions, Taobao's lead is just getting larger.
At least, that's according to the self-assured, seemingly indefatigable Alibaba Chief Executive Jack Ma, who sat down with me at the MarketWatch offices recently.
Taobao, which is owned and operated by Alibaba, has 75% of the market share for consumer auctions, said Ma. EBay China isn't even close, he added. When I brought up competition from Tencent Holdings., Ma is even more emboldened. "People think Tencent is a site for play," he said. "We thought it would be strong, [but] we haven't seen any growth [there]."
In fact, Ma went on to say, "I'm starting to believe Meg Whitman when she says that winner takes all."
In China, I guess that means Ma is convinced that Taobao is going to take all...
full article:
http://www.marketwatch.com/News/Story/St...newsfinder&siteid=google&guid=%7B9DDBF24B-B5AB-445B-BEB5-7FE0E952E75D%7D&keyword=
related topics:
Is eBay Loosing Out to China's Alibaba?
http://community.tuliptools.com/index.ph...244.0.html
Alibaba on a mission: Taking on eBay
http://community.tuliptools.com/index.ph...570.0.html
Alibaba vows to beat Google
http://community.tuliptools.com/index.ph...319.0.html