Webcertain blog

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.

Leave a reply

Your email address will not be published. Required fields are marked *

Share the post:

Recent blog posts