Yahoo-eBay War Rages in China
Published May 31st, 2006
Yahoo and eBay announced last week they’ll cooperate on their U.S. search, advertising, and online payment efforts. But that teamwork won’t extend to their affiliates in China, according to officials at the Asian operations.
Yahoo’s interests are tied with Alibaba.com, China’s leading online business-to-business platform, which owns auction site Taobao.com. Last August, Yahoo paid $1 billion in cash for a 40 percent stake in Alibaba as part of a $4-billion deal that gave Alibaba control over Yahoo’s operations in China (see Yahoo’s $4B Alibaba Move).
And since Taobao’s launch in July 2003, it has wrestled with eBay EachNet, the San Jose, California-based auction giant’s Chinese subsidiary.
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