Yahoo! Invests $1 Billion in China's Alibaba

Seems the battleground between the major search engines has shifted to China. Following Google’s interest in Baidu – that recently went public and whose stock is performing well – Yahoo has announced a billion dollar investment in Alibaba – a Chinese ecommerce site.

The billion dollar’s gets Yahoo! a 40% stake in the company.

A recent MarketWatch article gives a good overview of the recent increase in activity of search engine and tech stock in the Asian continent.


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