Wired News: "Yahoo announced Thursday it would pay $1 billion in cash for a 40 percent stake in the Chinese e-commerce firm Alibaba.com, heating up the race to dominate China's fledgling online auctions industry."Wonder how this'll shake up all the chinese gadgets that flow to the the west from Asia through Alibaba.
Source: http://www.wired.com/news/business/0,1367,68497,00.html?tw=wn_tophead_5
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