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
Big news from the Asian web world today. Yahoo Japan (Japan’s biggest website) and Taobao (China’s largest e-retailer) have agreed to launch a cross-border initiative under which both services will link their online shopping services starting June 1. Through the tie-up, Yahoo Japan and Taobao merchants will be able to sell products to buyers in each other’s markets.
For that purpose, Yahoo Japan… → 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
Google is being investigated for tax evasion by the Chinese Inland Revenue Department following a tip off from an “informant” alleging wrong doing. According to local reports, the investigation into Google includes evasion of business and personal tax, and tax on employee options. At least some of the investigation relates to how Google has previously treated transactions from Chinese… → Read More