Yahoo pays $1B for 40% of Alibaba - are you serious?
I know that I’m not in a position to criticize Yahoo’s decision to buy a 40% stake in Alibaba for $1B but I’m going to anyway. For those who don’t know, Alibaba is a trading platform where buyers and sellers can come together, usually at the international level to import/export goods. I have been registered with Alibaba for about two years now and I have never, ever met a real person on the exchange.
Well, that’s not exactly true - I have met a few children of generals in Nigeria, a couple of people helping a rich heir get out of Nigeria and a zillion people doing business in the USA with a branch office in Nigeria that they needed goods shipped to. Maybe there are legitimate business transactions that take place on Alibaba, I just haven’t seen them - I have used the exchange to look for various new items I wanted to import with absolutely no success.
Maybe Yahoo will help Alibaba suck a little less.
No Comments »
No comments yet.
RSS feed for comments on this post.
| TrackBack URI
You can also bookmark
this on del.icio.us or check the cosmos