Yahoo is a global Internet communication, business and media company. Its network provides diversified online services to more than10.80 billion users worldwide every month. Yahoo is the first website in the world to provide Internet navigation service. Www.yahoo.com is in a leading position in terms of page views, online advertising and contact with home or business users. It is also one of the most familiar and valuable Internet brands, ranking 38th among global consumer brands. Yahoo also provides various commercial and enterprise services on the website to help customers improve productivity and network utilization, including the popular Yahoo intranet, which provides customized website solutions for enterprises; Audio and video playback, store website storage and management; And other website tools and services. Yahoo has 24 websites around the world, headquartered in San Clark, California, with offices in Europe, Asia Pacific, Latin America, Canada and the United States.
Yahoo is also the most trafficked website in the world. At present, there are sub-stations in 13 language in 25 countries and regions, among which Yahoo China website (www.yahoo.com.cn) was officially opened in September, 1999.
About Yahoo China: As a leading global Internet brand in China, Yahoo China provides a series of rich and high-quality localized products and services for Internet users in China in the following fields: including Yahoo China portal, search portal "Yisou", real-name registration system network service, media and advertising sales, wireless service and mobile application, as well as a powerful Yahoo communication product platform-Yahoo Mail and instant messaging tool "Yahoo!" .
Yang Zhiyuan, Chairman of Yahoo
Second, about Yahoo China:
The former Yahoo China belonged to a branch of Yahoo USA, not Yahoo China. Alibaba is a local enterprise in China, and its founder Ma Yun also has extraordinary courage and charm, and finally acquired the China shares of Yahoo, a world-renowned IT industry. Note that the word acquisition is used here. If we talk about benefits, I think both sides will win.
I'm glad to report the good news to you. On August 1 1 day, Beijing time, we reached an agreement with Yahoo to form a strategic alliance. Full acquisition of Yahoo China assets, Yahoo 1 100 million US dollars investment.
The Yahoo China assets we acquired include Yahoo China Portal (www.yahoo.com.cn), 372 1, Yisou and Yahoo's search technology, communication and advertising business. Both parties also merged all parts of Yahoo's online auction business (www. 1pai.com.cn) into Alibaba. Alibaba will also get the exclusive right to use Yahoo, the world's leading Internet brand, in China indefinitely.
What excites us most is that nearly 600 Yahoo China employees will become our colleagues and comrades-in-arms! We will also get the support of thousands of channels and partners that Yahoo China has been operating in the China market for many years and has rich experience. Like others, I am very excited and looking forward to working with them!
Yahoo invested 654.38 billion US dollars to become one of Alibaba's shareholders. Therefore, we will enjoy all the core technology platforms, rich content information and the exclusive right to use its global channel resources in China. Yahoo will provide full support for the export of China enterprises in the global network!
This is the largest M&A in China's Internet history. At the same time, I got five golden flowers from Yahoo: Yahoo China's assets, Yahoo's brand, capital, technology and channels at home and abroad. Together with the e-commerce market platform, credit system and safe payment mechanism formed by our six-year operation, we will build the most complete and powerful e-commerce system in the world: the four protectors of e-commerce: market, credit, payment and
The fundamental starting point of Alibaba's cooperation with Yahoo is to realize the purpose of "customer first" and provide better and stronger services for customers in China market.
2005 is a year of great changes in the pattern of Internet and e-commerce in China. Alibaba is the leader, promoter and important protagonist of this pattern change, and each of us is duty-bound to undertake the challenge brought by this historical opportunity!
Ali, keep walking and do your job!
Give a warm hug to the colleagues of Yahoo China who recently joined Alibaba! Thank them for their outstanding contribution to the establishment of Yahoo China's influence!
chief evecutive officer
Jack Ma