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September 11, 2005
Alibaba seeks Growth not IPO
HANGZHOU - Yahoo Inc.'s newly acquired Alibaba.com unit will focus on building up several key businesses, but has no near-term plans for acquisitions or a public offering, as it aims to be China's Internet leader, top company executives said on Saturday.
Not that I have met Jack Ma, but from talking to folks here, Jack and his team sure know how to make things work on the web in China.
So not only is this Alibaba/Taobao V eBay, but will also be Alibaba/Yahoo V Baidu/Google and eBay/PayPal, should be a very interesting ride for all concerned. In my opinion a team-up of Baidu and Google would make a LOT of sense when tackling the above and also the overall Chinese web space, this seems more like sleeping with the nice housewife next door rather than the enemy
Posted by shak at September 11, 2005 10:03 PM