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By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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Yahoo! Will Pay $1BN for Chinese Auctioneer Alibaba.com
No Slow Boat to China for Yahoo! Follows Amazon, eBay, Monster.com and the Rest

By: ITSG News Desk
Aug. 11, 2005 05:00 AM

Not for Yahoo! the slow boat to China. Instead, it's going to pay $1BN to China's second-largest Internet auctioneer, Alibaba.com, and thereby gain an instant foothold in the world's second-biggest online market after the United States.

"Yahoo's investment underscores our long term commitment to the Chinese market," Yahoo Chief Executive Terry Semel (pictured) said in a statement. "We believe the combination of Yahoo and Alibaba is the best approach for Yahoo to win in this region."

Reuters reports this morning that the Yahoo! move is one of a sequence of recent purchases by US firms of Chinese Internet firms:

"eBay entered China though a $180 million purchase of Shanghai-based EachNet. InterActiveCorp paid $168 million for 52 percent of Chinese online travel agent eLong. Online retailer Amazon.com purchased local player Joyo.com for $75 million, and online job search leader Monster.com bought a 40 percent stake in ChinaHR.com for $50 million."
Reuters also notes that Alibaba chief executive Jack Ma has denied a report in the Chinese media that Yahoo! would eventually buy all of his company.

Published Aug. 11, 2005— Reads 8,796 — Feedback 3
Copyright © 2005 SYS-CON Media, Inc. — All Rights Reserved.
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About ITSG News Desk
ITSG News Desk trawls the world's news sources for stories and updates on IT solutions that deliver ROI by reducing costs and/or cutting time-to-market, as well as other products and services that can produce bottom-line gains for enterprises.

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Reader Feedback: Page 1 of 1

Will Yahoo offer blogging Web pages to outspoken Chinese Internet users?

The New York Times says the deal is the largest foreign investment EVER made in a Chinese technology company.

And eBay has already said it plans to invest $100 million to expand in China, where it's locked in a close battle with Alibaba's auction site, Taobao.com.


Your Feedback
CensorOrFree wrote: Will Yahoo offer blogging Web pages to outspoken Chinese Internet users?
Yahoooooooo! wrote: The New York Times says the deal is the largest foreign investment EVER made in a Chinese technology company.
eBay too wrote: And eBay has already said it plans to invest $100 million to expand in China, where it's locked in a close battle with Alibaba's auction site, Taobao.com.
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