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October 28, 2005
AliBaba / Yahoo China Announce Completion of Strategic Partnership
"Together, Yahoo! and Alibaba have created one of the largest Internet companies in the fastest-growing Internet market," said Terry Semel, chairman and chief executive officer of Yahoo!. "Through this strategic partnership, we will combine the best of commerce, search, communications and online advertising capabilities in new ways for Chinese consumers and businesses, under the management of a strong local team."
Xinhuanet Article
Press Release
Posted by shak at October 28, 2005 6:50 AM