Ebay chief executive John Donahoe said the Chinese government won’t let foreign-owned internet companies win in that country, but added PayPal will nonetheless bend to fit new rules and stay in the market. Read more
A leading US online media and communications firm owned and controlled from mainland China?
That spectre was raised on Friday by Jack Ma, head of Alibaba, as he announced his interest in buying Yahoo. After all the angst caused by US internet companies venturing into China in recent years, his declaration raises the possibility of an interesting reversal. Read more
Yahoo’s investment bank is “fielding inquiries from multiple parties” about various options that could include a sale of all or some of the company, according to an all-hands email sent Friday by Yahoo’s founders and chairman. Read more
Following through on its pledge earlier this week to weigh new strategic options even as it looks for a new chief executive, Yahoo and its bankers are already fielding inquiries. Read more
Alibaba Group chief executive Jack Ma said on Wednesday that he expected his fight with the company’s largest shareholders, Yahoo and Softbank, would end with an amicable resolution despite what he said were complex “peace talks.” Read more