Sina.com Sells 1Pai Stake To Alibaba
"Sina said it signed an agreement with Alibaba yesterday, selling the 33% stake it has in 1Pai to Alibaba, the online marketplace for domestic trade among businesspeople. Neither side has disclosed the detailed amount of the deal.
Information and contents on 1Pai.com will not be updated from now until Feb. 15, 2006, on which 1Pai.com will be completely defunct, said Sina. In the meantime, 1Pai.com visitors will be automatically redirected to Alibaba’s wholly-owned subsidiary, Taobao.com, a consumer-to-consumer trading site with more than 10 million registered users."
eBayEachnet vs. Alibaba's Taobao.com - Latest Numbers