Douglas Crets

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Giving Credibility to the Shadow Education System

Jack Ma Confirms His Interest in Buying Yahoo!

TIANJIN/CHINA, 28SEPT08 - Jack Ma Yun, Chairma...

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TechCrunch reports that at a conference in San Francisco, Jack Ma, CEO of China Yahoo! subsidiary Alibaba, revealed that he has a strong interest in buying Yahoo! and spinning off its core assets. Most likely this is to protect himself and to rescue an ailing company.

There is not much more to add to this story, other than to say that it now has legs, as they say in the news business.

About a week ago, a report at Hexun, a Chinese media site said that Ma was serious about at buying Yahoo!. The purchase would allow Ma more control over Alibaba and it would also enable him to take some of the core features of the Yahoo! e-commerce infrastructure and use it for his own venture, Alipay. The stories on the recent Alipay fiasco are many but in short, Ma took the liberty of using his 60% interest in spinning that company off of Alibaba.

I think that there’s a strong likelihood that social e-commerce is the next giant wave of building web companies in China. All the major social networks are doing something about it. Web companies in China are buying properties that they can tie onto the back of a social media camel, and they are whipping their networks into shape and building strong e-commerce capabilities.

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