Friday, January 25, 2008

Yahoo China winding down

Senior industry analysts are calling
the current layoffs and restructuring
by China Yahoo and the shifting of
valuable business resources and
personnel to the Alibaba Group a
'blood transfusion' to both Alibaba
and Taobao, done so as to enhance
the profitability of the two
platforms. "China Yahoo has now been
cleared out and has basically
abandoned competing with Baidu and

Officially, Yahoo denies this.

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