Yahoo China Profitable Next Year – Challenging Baidu and Google? – Who Knows
Jack Ma, founder and CEO of Chinese e-commerce firm Alibaba predicts Yahoo China will be profitable by next year.
He doesn’t think Yahoo will challenge Baidu, China’s number one search engine or Google anytime soon. Furthermore, he doesn’t care that they aren’t a challenger yet.
Jack Ma is a small fellow with a big attitude. When told the market-share people have low expectations for Yahoo, his response was, "We don’t care."
When told Yahoo might have but one percent of the market, he responded with, "So, what?"
Right now Yahoo China is focusing on improving the search technology.
Jack Ma took over Yahoo China’s operations in 2005 when Yahoo took a 40% stake in Alibaba in exchange for $1 billion cash.
Alibaba is a business-to-business site. Yahoo China is a search engine. Alipay works like paypal and Taobao is similar to eBay.
Ma said his company is profitable through Alibaba alone. And, for now, that is enough.
Jack Ma doesn’t do things the traditional way. That’s why he has the most desired private internet company in China.
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