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.
Meet Your Favorite Search Engine Watch Contributors
Many of SEW's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Thom Craver, Josh Braaten, Lisa Barone, Simon Heseltine, Josh McCoy, Lisa Raehsler, Greg Jarboe, Dan Cristo, Joseph Kerschbaum, John Gagnon, Eric Enge and more!