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August 08, 2005

And the Race is On....in China

Yahoo is reportedly bidding up to $1 billion for a 35% stake in Alibaba.com - China's leading e-commerce site. The $3B valuation rationalization must be based on "what other people are willing to pay". If historical trends are consistent, we are likely to see a very busy six-nine months of acquisition / investing activity in all things Internet in China....The Race is On!....

Link: Yahoo! Negotiates Stake In China E-Commerce Site - Forbes.com.

August 08, 2005 in Weblogs |

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