Monday, October 10, 2005

Alibaba To Acquire Sina.com Stake In 1pai.com


From ChinaTechNews:

"Following the successful acquisition of Yahoo's property in China, Alibaba has now turned its eyes to 1pai.com, an online auction venture between Yahoo China and Sina.com in which Sina.com holds a 33% stake.

When Alibaba acquired Yahoo China, it did not include 1pai.com in the deal. So currently, the only asset of Yahoo China that does not belong to Alibaba is the 33% of stake held by Sina.com. Insiders tell local media that Alibaba is in negotiation with Sina.com on the purchase of that, but the two sides have not reached a final agreement. Nor have they disclosed the price of the transaction."

Read more:
Alibaba to Set up European Headquarters in London
Is eBay Dead in China?

Fact Sheet on the Alibaba-Yahoo deal

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