CRM Junkyard TMC

Today's China-in-Tech Saturation

August 11, 2005

Today's�TMCnet trend: China.�TMCnet�today was saturated with China-related news. Following is a recap of the news. Below�are links to a number of more detailed stories from TMCnet alone.�

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Yahoo! Inc. today announced the formation of a long-term strategic partnership with Alibaba.com, China’s largest e-commerce company, in China. Under the terms of the agreement, Yahoo! will contribute its Yahoo! China business to Alibaba.com, and the two companies will work together in an exclusive partnership to grow the Yahoo! brand in China. Yahoo! is also investing $1 billion in cash to purchase Alibaba.com shares from the company and other shareholders. The agreement gives Yahoo! an approximately 40 percent economic interest with 35 percent voting rights, making it the largest strategic investor in Alibaba.com.

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In other China-in-technology-related news, Pegasus Wireless Corporation today announced that the company has signed a letter of intent to acquire a controlling interest in an electronics manufacturing facility located in the Su-Zhou region of China (know as the Silicon Valley of China). This acquisition is expected to increase annual revenues by $15 million and be accretive to earnings per share. Terms of the acquisition will be filed with the Securities and Exchange Commission upon completion of the acquisition.

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Last, from AP, Google Inc. stepped up the pace of its expansion in China — and competition with new stock-market star Baidu.com Inc. — by tapping three Chinese companies to sell advertisements for its China site.

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Google named China Enterprise, China Source and Hotsales as authorized resellers for Google AdWords onTuesday, adding China to the roster of locales, including the United States, Britain and Latin America, where it has reseller programs. The California-based search firm said the three companies offer national reach to small and medium-sized businesses (SMBs) and high levels of support to advertising clients. All three will receive training from Google.

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As AP notes, “the step suggests Google feels it needs knowledgeable, established local players to help it effectively penetrate the Chinese market.”

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Detailed announcements and reports:

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Yahoo! Buys Into Chinese Online Company�

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Yahoo Investing $1 Billion in Alibaba.com�

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Yahoo! and Alibaba.com Form Strategic Partnership in China; Combination Creates One of the Largest and Most Comprehensive Internet Companies in China�

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Pegasus Wireless Signs Letter of Intent to Acquire Controlling Interest in a Profitable Electronics Manufacturing Facility in China�

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Google Taps 3 Chinese Firms to Sell Ads

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DRB



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