good story on this topic if it stays up and doesn't get deleted
It’s been a busy news day for Alibaba. Today, it and Tencent also cleared a hurdle toward opening their own domestic private banks and announced it would offer “virtual credit cards” to users of its shopping portals
Alibaba today announced that not only did it step on Tencent’s turf, the Chinese e-commerce kingpin bought the plot outright. According to Bloomberg, Alibaba just spent US$804 million on a majority stake in ChinaVision (HKG:1060), a company in which Alibaba’s biggest competitor Tencent (HKG:0700) is also a shareholder.
I do concur the story also stated they were starting up ecommerce business Definately going after Alibaba
The microblogging site Weibo is headed for a stock market listing in New York with a valuation of up to $7bn-$8bn very soon. Watch for the Alibaba listing soon thereafter.
A better question, it was recently disclosed that Alibaba re-negotiated the agreement with Yahoo on the number of shares required to be sold when Aliababa went public. Why did that agreement happen? what made the change occur as Alibaba must have gotten something of value
With the price down recently and volume lower than average most of the loose shares have shaken from the trees, It's about time for some upside to the price. Let's wait and see.
Talking heads already saying Facebook is crazy. Evidently company has little to no revenue. I don't know the company well enough to speak
Maybe that's why Bill Gates came back to active participation in the business. Microsoft see's it coming. If Yahoo cancels the agreement with Microsoft in search it would definitely hurt Microsoft business,
Another angle. What's the possibilities Yahoo see's leverage in provoking Microsoft to start a bidding war for Yahoo? Microsoft would definitely be hurt losing the agreement with Yahoo on search and what kind of money might they offer to own Yahoo? Of course, others would be interesting in bidding too, my guess.