Seen that? - Ali Baba and the Forty Thieves Is Not a Fable in China

Filed in archive Best of on February 24, 2010

Ali Baba and the Forty Thieves Is Not a Fable in China China Venture News

Everyone's talking but no one's listening. Yahoo's 1 billion dollar 40 percent stake in Alibaba, China's largest e-commerce firm does not illustrate that a Net bubble is back, but it does give new meaning to the title character, Ali Baba from the Arabian Nights, who accesses treasure from a magical password. Following so soon on Baidu's huge IPO success, it makes one wonder, if indeed Internet analysts and investment bankers [...] Read More


Taobao Gets $732 Million Shot in the Arm from Alibaba China Venture News

Alibaba is investing $732 million in Chinese ecommerce site Taobao, according to The Inquisitr. According to the Inquisitr:Taobao has created an e-commerce ecosystem consisting of 80 million users, over 1 million sellers, and 200 million items for Chinese consumers to select from. The new funding, spread over five years, will be used to build a more advanced platform for merchants, while continuing to offer its services for free to buyers [...] Read More


Global Economic Slowdown Hitting China Hard China Venture News

National Public Radio ran an interesting story this week on how the global economic slowdown is affecting China. In the words of NPR reporter Louisa Lim:The export sector - which has driven 30 years of double-digit growth rates - is struggling badly.Lim focuses her report on Dongguan, a manufacturing hub in Guangdong Province between Guangzhou and Hong Kong. According to one factory manager there quoted by Lim:There's almost no profit. [...] Read More


Yahoo confirms alibaba.com deal TJ's Weblog

Yahoo has confirmed the rumors we had mentioned here as well: "Everyone's talking but no one's listening. Yahoo's 1 billion dollar 40 percent stake in Alibaba, China's largest e-commerce firm does not illustrate that a Net bubble is back, but it does give new meaning to the title character, Ali Baba from the Arabian Nights, who accesses treasure from a magical password." [...] Read More


Yahoo to invest in Alibaba.com? TJ's Weblog

Forbes has rumors about a possible investment from Yahoo into alibaba.com: "SHANGHAI - Web media company Yahoo! is in advanced talks to purchase an approximately 35% stake in China's biggest homegrown e-commerce company for almost $1 billion, in what would be the biggest investment by a foreign company in China's Internet industry to date, sources close to the negotiations said. Yahoo! (nasdaq: YHOO - news - people ) would be gaining one [...] Read More