Alibaba Site with Own Search Engine May Outshine Yahoo China
The story, "Alibaba site with own search engine may outshine Yahoo China," posted Friday, omitted a key element of the 2005 deal between Alibaba and Yahoo. As part of the deal Alibaba received $1 billion in cash. The first sentence of the second paragraph of the story has been changed on the wire and now reads:
Fri, November 20, 2009
IDG News Service — The story, "Alibaba site with own search engine may outshine Yahoo China," posted Friday, omitted a key element of the 2005 deal between Alibaba and Yahoo. As part of the deal Alibaba received $1 billion in cash. The first sentence of the second paragraph of the story has been changed on the wire and now reads:
Alibaba, which in 2005 traded a 40 percent stake in its group for $1 billion in cash and control of the Yahoo brand in China, also owns China's top e-commerce Web sites, including business-to-business platform Alibaba.com and Taobao, a retail and auction platform.


