alibaba

  • As Marissa Mayer Annoys Investors By Keeping $4.2B In Dividends, YHOO Is Down 5.4%

    As Marissa Mayer Annoys Investors By Keeping $4.2B In Dividends, YHOO Is Down 5.4%

    Less than a month after taking over Yahoo, Marissa Mayer is already sending strong signals of leadership to investors. Yet, the announcement of a new financial strategy led to a 5.37 percent downturn of YHOO today as the company played down dividend expectations. Yahoo filed with the Securities and Exchange Commission that the strategy review “may lead to a re-evaluation of, or changes… Read More

  • A Geek’s Guide to China’s Silicon Valley

    A Geek’s Guide to China’s Silicon Valley

    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… Read More

  • Report: Alibaba Seeks Up To $4 Billion In Debt Funding To Buy Back Yahoo’s Stake

    Report: Alibaba Seeks Up To $4 Billion In Debt Funding To Buy Back Yahoo’s Stake

    The future for Internet services pioneer Yahoo remains uncertain, to put it mildly. Currently a beleaguered takeover target sans visionary CEO (although one could argue recently fired Carl Bartz never served that role either), Asian e-commerce powerhouse Alibaba Group is apparently going to great lengths to re-acquire the stake Yahoo has in the company. Read More

  • Alibaba.com Grows Revenues And Profits, Misses Expectations

    Alibaba.com Grows Revenues And Profits, Misses Expectations

    Alibaba.com, the massive B2B e-commerce company based in China, this morning published (PDF) its results for the third quarter of the year. The company reported a 11.9 percent increase (to $64 million) in its Q3 net profit, with revenues rising 10.6 percent to $250 million, year-over-year. This was below Wall Street expectations; Alibaba blamed a weak U.S. economy, a decline in manufacturing… Read More

  • Buying Yahoo Is A No-Brainer For Alibaba

    Buying Yahoo Is A No-Brainer For Alibaba

    Today at the China 2.0 conference at Stanford, Alibaba Groups’s Jack Ma replied to a pointed question about buying Yahoo with, “We are very interested in Yahoo. Our Alibaba group is important to Yahoo and Yahoo is important to us … All the serious buyers interested in Yahoo have talked to us.” Those “serious buyers” most likely include Alibaba Group investor… Read More

  • Alibaba's Vendio Buys SingleFeed To Help Merchants List Products On Comparison Shopping Sites

    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… Read More

  • Alibaba And The Curse Of Chinese Manufacturing

    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… Read More

  • Is Yahoo Getting Close to Selling Its Lucrative Yahoo Japan Shares?

    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… Read More

  • Jack Ma Flies Thousands of Miles to Palo Alto, Still Doesn't Want to See Carol Bartz

    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… Read More

  • Bartz Takes the Hint, Stays away from Alibaba's Board…for Now

    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. Read More

  • Bartz: Out of 15,000 Employees Only Three Left. Wait, What?

    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… Read More

  • The Surprising Religion of Jack Ma

    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… Read More

  • The Case for Bartz NOT Getting Fired from Yahoo

    The Case for Bartz NOT Getting Fired from Yahoo

    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. Yesterday, we wrote about the Twitter dog pile on Bartz, but I doubt the Yahoo board or management… Read More

  • Bartz in a China Shop: Has Yahoo's CEO Wrecked the Valley’s Most Valuable Chinese Relationship?

    Bartz in a China Shop: Has Yahoo's CEO Wrecked the Valley’s Most Valuable Chinese Relationship?

    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… Read More

  • BizArk Launches Alibaba Rival, Boasts "Tens Of Millions Of Dollars" In Funding

    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

  • Alibaba Buys eBay Auction Software Auctiva

    Chinese e-commerce giant Alibaba has just acquired Auctiva, a company that develops eBay auction management software. Terms of the deal were not disclosed. 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… Read More

  • Is Search Now A Strategic Industry in China?

    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… Read More

  • Web 2.0 to China: Ok, Let’s Try This Again…

    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.’” As sayings go, that’s not especially catchy. But it is devastating. And true even if you count Google’s recent actions as a China morally-based forfeit. The… Read More

  • The Price Of Google In China

    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… Read More

  • Alibaba Turns 10 – Aims To Create 100 Million Jobs, Employ 10 Million People

    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… Read More