Twenty years ago, Zhongguancun was but farming fields and small houses, far from the city center of Beijing. The ‘cun’ at the end of Zhongguancun literally means ‘village’. As with much else in China, the change has come lightening fast.
Today, Zhongguancun is China’s closest equivalent to Silicon Valley. It’s host to electronics super malls, research centers, publicly-listed tech giants, and… → Read More
Alibaba-owned Vendio has acquired SingleFeed, a startup that helps online merchants to submit, manage, and optimize product listings on sites like Google Product Search, PriceGrabber and others. Terms of the deal were not disclosed.
SingleFeed takes an online merchant’s products and delivers this data to comparison shopping engines. The virtue of SingleFeed’s service is that it helps merchants… → Read More
A fairly unnoticed story percolated through the interwebs this weekend about Alibaba’s CEO and hundreds of employees being implicated in what amounts to a payola scandal. Alibaba is a site that allows you to buy the worst junk imaginable. They represent over 500,000 factories in China. It is a sourcing site full of fake laptops, poorly made clothing, and potentially life-threatening auto… → Read More
Yahoo’s CFO Tim Morse spoke at a Goldman Sachs Investing conference today and was peppered with questions about Yahoo’s Asian assets, which are the bulk of the value of its stock price right now.
On the subject of Alibaba, Morse was very conciliatory, repeatedly praising the job that the management team is doing building the business, emphasizing that Yahoo was just a financial stake-holder. He… → Read More
Burn! According to sources, Alibaba Group’s CEO Jack Ma is in town and he’s not even paying a courtesy call to his estranged partners at Yahoo.
Ma was spotted dining with Taobao CEO Jonathan Luk and other Alibaba executives at Fuki Sushi in Palo Alto last night, and a spokesperson for the company confirmed they were in town for meetings. Another source close to the company, who requested… → Read More
Carol Bartz has been the fashionable Silicon Valley punching bag for much of 2010, and that’s no doubt escalating in private conversations in Sunnyvale today as hundreds of Yahoo employees are told they no longer have a job– just in time for Christmas!
But give her credit for one savvy move: Not naming herself to Alibaba’s board as she signaled she would earlier in the year. Or, give the board… → Read More
Yahoo CEO Carol Bartz was on Fox Business News today, and she was plenty Bartz-y. When Fox anchor Liz Clamen asked her repeatedly if she was on the way out, she said she was there to stay, adding “Do I look like a wimp?”
No. You do not. Even if you think Bartz is running the company into the ground, you have to give her credit for not holing up and hiding the way her predecessor Jerry Yang did… → Read More
Jack Ma– CEO of The Alibaba Group and president of the Carol Bartz fan club– was on Charlie Rose this week, and while he didn’t offer any more insight into the Yahoo situation, he said a lot of interesting things.
Ma is a force. He’s going at half-normal-speed in this video. I saw him speak at the World Economic Forum last week in Chinese and the translators couldn’t keep up with him. They kept… → Read More
What the hell? Since my blindingly obvious post yesterday that said the post-2000 crash was worse for tech than this recent one was somehow considered controversial, how about an actual controversial statement to start this morning: Why Yahoo shouldn’t rush to fire Carol Bartz.
The Chinese aren’t exactly prone to emotional outbursts in front of Western reporters. In China, if you insult a business partner in the press, there’s likely a calculating reason behind it.
Witness the latest volley by Alibaba.com’s CEO David Wei towards Yahoo, which owns 40% of the parent company for his Chinese ecommerce powerhouse. “Why do we need a financial investor with no business… → Read More
BizArk, a Chinese e-commerce company specialized in international trading solutions, has now made its debut and announced that it has secured ‘tens of millions of dollars’ in financing from IDG Ventures (up to $40 million according to several reports).
The press release announcing the investment is one of the strangest I’ve ever read. → Read More
This deal comes off of Alibaba’s recent acquisition of U.S. e-commerce company Vendio. Auctiva provides a variety of listing, marketing and management tools as well as image hosting and storefronts to sell on online marketplaces like eBay. → Read More
Editor’s note: This is a guest post penned by Michael Cole, Managing Director of RightSite.asia, China’s largest online marketplace for commercial and industrial real estate. Cole has also successfully launched, grown and profitably exited from media ventures in China.
After a modest amount of time observing China’s economy it becomes clear that the government likes to arrange organized… → Read More
Yesterday, I had lunch with one of the top people in the Chinese Internet scene who said, “We have a saying here, ‘Internet multinationals all fail in China, Google was just the last one to go.’”
The news this past week that Google would cease the censorship of its search results in China, and could well be forced to entirely halt operations in the country as a result, is quite simply one of the most interesting stories to come along in the tech sphere in a long time. The reality is that it’s not just a tech story; it spills into the world of international politics and beyond. And it could… → Read More
Alibaba is best known for its international B2B e-commerce and sourcing market place Alibaba.com, but also operates Taobao – the “eBay of China” and largest C2C Internet retail web site, Alimama – an online advertising exchange and affiliate network – as well as Alipay, China’s most popular third-party online payment system modelled after Paypal but offering additional features such as escrow… → Read More
Yahoo is about to raise approximately $150 million by selling 57.48 million Alibaba.com shares, according to a term sheet obtained by Reuters earlier on Monday. The Internet giant is selling the large chunk of shares at HK$19.80-HK$20.30 each, which represents a 4-6.4% discount to the stock’s closing price of HK$21.15 on Monday and the entire 1.14 percent stake Yahoo held in Alibaba.com, which is… → Read More
An interesting report from Reuters/ eWeek suggests the Chinese Government may be concerned about Microsoft, a firm that uses “monopolistic tactics” buying Yahoo, which will mean Microsoft will become the biggest shareholder in Alibaba, one of China’s biggest internet firms. According to the report Alibaba “will seek a stronger voice for its management team in… → Read More
While Google dominates the top slot in search both in the U.S. and worldwide, with a global search market share of 62 percent, there is still a lot of elbowing going on below, especially when you look beyond the U.S. In a comScore ranking of the top-10 global search engines as measured by number of searches during the month of December, 2007, Yahoo comes in at a distant No. 2 with only 13 percent… → Read More