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alibaba

Rumor: China authorities eye Microsoft-Yahoo deal

"According to Zaobao.com, Beijing has intervened into Microsoft's acquisition of Yahoo by asking Chinese online e-commerce service provider Alibaba to provide detailed information on the acquisition and by keeping a close watch on the process of the acquisition as well as its possible influence," writes ChinaTechNews.com.

Chinese authorities have an interest in the deal partly because Yahoo is a major shareholder of Alibaba, a major online marketplace where manufacturers find customers.

Jerry Yang explains his mingling strategy

Yahoo's decision to invest in Chinese Internet property Alibaba.com, rather than try to take on Alibaba and others directly, is paying off, said Yahoo founder Jerry Yang at the 2007 HYSTA (Hua Yuan Science and Technology Association) in San Jose yesterday.

"Our move to partner with Alibaba and become a shareholder has proved to be the right strategy," he said.

Yang also clarified how he met Alibaba CEO Jack Ma. The general story is that Yang met Ma when they got paired together at the HYSTA golf tournament a few years ago.

Not true. Yang met … Read more