Yahoo! underscores China commitment with $1bn Alibaba deal

by Jennifer Whitehead, Brand Republic 11-Aug-05, 15:30

NEW YORK - Yahoo! has confirmed its $1bn (£550m) deal to acquire Chinese e-commerce company Alibaba.com, in a move designed to grow the US brand in China.

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Yang: Alibaba shares Yahoo! vision

Yang: Alibaba shares Yahoo! vision

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