Saturday, September 10, 2005

Alibaba Eyes Growth, But No Acquisitions or IPO Yet

From The Economic Times: Alibaba eyes growth, but no acquisitions yet

"Yahoo Inc's newly acquired Alibaba.com unit will focus on building up several key businesses, but has no near-term plans for acquisitions or a public offering, as it aims to be China's Internet leader, top company executives said on Saturday."

"Ma (Alibaba founder and CEO) has said previously that Alibaba would like to go public and still has such ambitions, but is happy with its current major three shareholders and is in no hurry to go to market."

"Yang (Founder of Yahoo!) said the company was unlikely to go public for at least the next year."

Read more:
A Critical View on the Yahoo-Alibaba Deal
Fact Sheet on the Alibaba-Yahoo deal

2 Comments:

At 9:05 PM, Blogger cc Infopage said...

Yahoo News

Microsoft, Yahoo Reportedly Ready To Link Instant-Messaging Services (TechWeb via Yahoo! News)
Microsoft and Yahoo are expected to announce Wednesday interoperability between each other's instant messaging service, a move that could dramatically change a market that's been dominated by America Online Inc., a newspaper reported.


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