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Alibaba in New Talks with Yahoo?

The leadership change at Yahoo (NASDAQ:YHOO) looks to be prompting a fresh wave of friendly overtures toward partners Alibaba and SoftBank Capital. The Hong Kong-based Alibaba and Japan’s SoftBank have been making efforts to buy back shares from Yahoo. The California company owns 40 percent of Alibaba and 35 percent of Yahoo Japan, of which Softbank is the largest owner. ... Read More »

HC International Records Jump in Profits

Hong Kong-listed HC International has released its results for the year ended 31st December 2011. Revenues were US$69 million, an increase of 38% compared with results in 2010. Net income for the year was US$6.5 million – a jump of five times over 2010’s US$1.3 million. The Beijing-based company’s online services, its largest business segment, generated US$46 million or 59% ... Read More »

Alipay Ventures into Logistics

Alibaba Group’s e-payment subsidiary, Alipay, announced plans to invest US$79 million to diversify its business into the China logistics market over the next three years. The investment will see Alipay unveil handheld devices that can be used to track parcels and accept payments for goods purchased online. The portable devices target China’s collect-on-delivery (COD) market, which according to Alipay, is ... Read More »

German Government Plans to Require Search Engines and Internet Companies to Pay Newspaper Publishers for Content they Highlight

To help struggling newspapers to generate new revenue from online operations, the German government intends to require search engines and other Internet companies to pay publishers whose content they highlight. German publishers are delighted by this initiative, however the announcement set off howls of protest from Internet companies and bloggers, who said the proposal could threaten free speech and stunt ... Read More »

Alibaba Backed Group Stars Express is Bankrupt

Alibaba Group-backed courier firm, Stars Express, announced the company has filed for bankruptcy.  Stars Express was previously a delivery service provider listed on Alibaba’s B2C arm, Taobao.  According to a statement release by Stars Express’ founder, Chen Ping, his personal investment of US$7.9 million as well as Alibaba’s US$11 million investment have both been lost. Alibaba first announced the purchase ... Read More »

Alibaba Group Proposes Privatization of Alibaba.com – Makes Offer to Minority Shareholders

Alibaba Group (the Offeror) and Alibaba.com are taking Alibaba.com private and have made an offer to minority shareholders of HK$13.50 per share in cash, which implies a premium of 60.4 percent over the 60-day average closing price of Alibaba.com shares, and a premium of 55.3 percent over the 10-day average closing price. A major factor driving Alibaba Group’s decision to ... Read More »

Baidu Beats Profit Forecast

Baidu beat Wall Street’s earnings estimates as its revenue grew more than 80 percent year-on-year in the fourth-quarter.  Baidu said it expects first-quarter revenue of $666.5 million to $688 million.. Baidu has expanded its dominant position in China’s Internet search market ever since Google decided in 2010 to relocate its search engine to Hong Kong following a standoff with the ... Read More »

Yellow Pages: Debt Warning Sends Yell Shares Plummeting

Yell shares slumped after it reported plunging revenues and warned of future debt issues.  In the quarter ending 31 December 2011, Yell’s revenues fell 15.1 per cent to £382.8 million, primarily driven by a 22 per cent drop in its print and other directory revenues to £268.9 million.  The firm did see an encouraging rise of 111.8 per cent in ... Read More »

Alibaba and Softbank Have Called Off Talks with Yahoo

Alibaba, and Softbank, which controls Yahoo Japan, called off talks they had been holding about buying back significant minority interests held by Yahoo.   The Asian investments are estimated to be worth some $17bn, or the bulk of its $19bn stock market value. It was unclear how deep the differences between the sides were or whether the disagreement represented only a ... Read More »

Alibaba Group May Take B2B Division Private as Part of Yahoo Deal

According to Reuters, the Alibaba Group is planning to privatise its Hong Kong-listed B2B subsidiary, Alibaba.com. The Chinese e-commerce giant is in the process of securing a loan worth US$3 billion from six major banks. Alibaba will use a combination of loans and internal cash as well as an asset swap to buy back a portion of the 40% stake ... Read More »

Yelp Reports Wider Loss for 2011

Yelp Inc., the user-generated review site that’s planning an initial public offering, reported a wider loss in 2011 after increasing spending to attract reviewers and make the service easier to use. Yelp had a $16.9 million loss last year, compared with a loss of $9.74 million in 2010, according to a regulatory filing. Marketing and product-development spending both increased more ... Read More »

Ariba in Partnership with Thomas Industrial Network

Ariba, Inc. (Nasdaq: ARBA) today announced that it is joining forces with Thomas Industrial Network to connect more buyers and sellers around more commerce in the fast-growing category of industrial MRO. Under the terms of a newly-formed partnership, Thomas Industrial Network (ThomasNet.com), will offer services to enable the more than 650,000 suppliers that it currently supports to do business on ... Read More »

Yahoo: Jerry Yang Resigns

Yahoo! Inc. (NASDAQ: YHOO) announced that Jerry Yang has resigned from its Board of Directors and all other positions with the company, effective today. In addition, Yang resigned from the Boards of Yahoo Japan Corporation and Alibaba Group Holding Limited, effective today. Yang stated that the time has come for him to pursue other interests outside of Yahoo! Yang co-founded ... Read More »

J.P. Morgan Expects Strong Internet Growth Especially in E-commerce

The equity research team of influential Wall Street player J.P. Morgan expects a strong performance for the online industry in 2012, with strong growth prospects due to the continued popularity of smartphones and tablets and a strong trend towards social and local. Such a forecast would point towards naming Facebook and Google as the strongest prospects, but J.P. Morgan thinks ... Read More »

Alibaba Taps into Lead Banks for 4bn Funding

According to Business Week four lead banks are preparing a loan for Alibaba Group Holding Ltd. are considering bringing in as many as four more lenders to help arrange the facility.  Credit Suisse Group AG, DBS Bank Ltd., Deutsche Bank AG and Mizuho Corporate Bank Ltd. are arranging the loan.  Alibaba is seeking to buy back the 40 percent stake ... Read More »