English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 16:53, August 11, 2005 acquires Yahoo China
font size, China's largest e-commerce website, announced Thursday in Beijing that it has signed agreement with Yahoo.Inc. to acquire Yahoo China.

The package of Yahoo China's assets includes Yahoo's search technology, the website of Yahoo China, its communication and advertising business, as well as, a Chinese language search engine.

Alibaba at the same time obtained one billion US dollars of investment from Yahoo.

According to the agreement, Yahoo will have 35 percent of voting rights in Alibaba.

Alibaba, a Hong Kong-headquartered company founded at the end of 1998, has become the world's largest online trading market.

Yahoo runs 24 websites in 12 languages globally. The website of Yahoo China was launched in September 1999.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Yahoo! 'in talks' for stake in Alibaba

- Alibaba may acquire Yahoo!China

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved