Yahoo to buy China ecommerce firm

[temi]

An Alibaba deal would end Yahoo's independent China operations
Yahoo is reportedly close to acquiring a major stake in China's biggest e-commerce firm, Alibaba.com.
The US internet giant is in talks to buy 35% of Alibaba for $1bn (£557m), according to several reports.

If successful, the deal would mark the largest investment yet by a foreign firm in China's technology market.

A deal between the two would also challenge the Chinese operations of US online auction giant eBay. Alibaba offers similar auction site services.

source/full story: news.bbc.co.uk/1/hi/business/4138012.stm

[Paul_KY]

Well, Yahoo! just made my sh*t list. Good job, a*sholes, doing business with the one's stealing us (our patents/software) blind.

Anything for the love of money!

[Paul_KY]

Just to level the playing field, the google girls are at it also:

http://biz.yahoo.com/ap/050811/google_china.html?.v=2

Do you noticed this enormous tendence to buy some Chinese firms?

Everybody is doing it: Yahoo, Google etc., all the major names in the business.

They realy want to do something or just buying up the competition?

[Paul_KY]

I don't understand. China is a communist nation. They have nukes and have threatened to use them against Tiawan. OK, this is getting a little too political.

[stealthhosts]

They also eat dog, think red is lucky and have black hair.........

Any other good reasons to dislike china?

[Paul_KY]

Yes, we invest BILLIONS in R & D, and then they simply STEAL our software.

Ever bought one of those fake Rolex watches for $50? Guess where they came from...