Alibaba.com, which acquired Yahoo China, used $750 million of the $1 billion dollars Yahoo injected into Alibaba.com as part of the acquisition. This has given Yahoo a 40%, majority, ownership in Alibaba.com. We learned this from Jack Ma Keynote Address today in China. The coverage at my blog says that Jack Ma said something to the affect of, "the truth is $750 million out of the $1 billion given to Alibaba was either spent or reinvested." You can read Forbes.com thoughts on this here.
The Original Search Marketing Event is Back!
SES Denver (Oct 16) offers an intense day of learning all the critical aspects of search engine optimization (SEO) and paid search advertising (PPC). The mission of SES remains the same as it did from the start - to help you master being found on search engines. Early Bird rates available through Sept 12. Register today!