According to an article on Pacific Epoch, Xinhua News Agency and the Alibaba Group have formed a strategic alliance to jointly develop online information services. The two organizations plan to establish a news centre on Yahoo! China, a subsidiary of the Alibaba Group.

Under the terms of the agreement, Xinhua will provide various information services to Alibaba, including domestic and international macro-economic information as well as news covering a variety of industries, government policies and general market data.  Xinhua will also set-up a team of analysts as well as a technology research and development team to assist Alibaba to collect and analyze its trading statistics.  Sources: Pacific Epoch article, ChinaTechNews.com article

BIIA Newsletter January 2010 Issue