Feeds

Yahoo! buys! into! Chinese! ecommerce! giant!

If you can't beat 'em, buy 'em

Secure remote control for conventional and virtual desktops

Chinese web marketplace Alibaba has cut a deal with running dogs of Yankee imperialism Yahoo! in exchange for a cool billion.

Western web giants have failed to replicate their dominant positions in the Chinese market, where the market leaders are all home-grown - so if you can't beat them, buy a stake. Yahoo!'s $1bn investment secures a 35 per cent stake in the company, founded by English teacher Jack Ma in 1999.

Alibaba operates a B2B marketplace, an eBay clone called TaoBao, which boasts 6m users, and a PayPal-like service called AliPay.

Alibaba's CTO John Wu was previously in charge of search at Yahoo!, overseeing its growth from a college dorm directory to the mega portal we know and love today. China's technical talent is making rapid headway in many areas - particularly microprocessors - so the angle-bracket stuff that makes up today's "emerging web standards" should be a cakewalk. But the home grown dot.coms have other advantages.

According to a profile in Forbes this spring, CEO Ma orientates new hires by encouraging them to perform a handstand, because "Ebay looks less fearsome when you're upside down".

See for yourself what the competition looks like through Chinese eyes -

Meg Whitman, as seen through the eyes of her Chinese competition

Staff work under posters urging them "Pay any price, do anything, to WIN!", notes Forbes, and at a company party waved flags of worker ants, ending with a joined-hands chorus of a song "You have to go through a thunderstorm to see a rainbow".

Beat that, Meg Whitman. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.