Reading Time: 2 minutes Yahoo buys US$1 billion stake in Alibaba (2005-8-11, China Daily): $1 billion for 40% stake of Alibaba Group (parent company of Alibaba, Taobao and Alipay). Taotao and Alipay is Chinese equivalent of eBay and Paypal, repectively. Yahoo sells direct stake in Alibaba.com (cnet, 2009-9-14). Quote: ====== Yahoo has sold 1 percent of its stake in
Reading Time: < 1 minute From Yahoo Tech-ticker. I don’t know about Wells, but I have US Bancorp shares (NYSE: USB). The stock appears expensive if you look at the price book ratio, which is a common metric to measure bank stocks. But USB is a very different bank compared to others, it’s a conservative lender. Since I opened my
Reading Time: 2 minutes What recession? Last Friday evening we went to local Red Lobster restaurant at around 6:30, and we were told there could be 25 min wait as we saw a large crowd. Being impatient as I was, we decided to try Olive garden. When we went there, same thing: we were told the wait time is
Reading Time: < 1 minute (Update July 7) Microsoft and Carl Icahn appeared to team up and will try to ouster the current board, esp. CEO Jerry Yang. I don’t think the current board and management is toasted because: 1) Two co-founders Jerry Yang, David Falio, along with their friends Softbank, Alibaba have more shares than Carl Icahn and his
Reading Time: 2 minutes Carl Icahn is again in the news. This time is about the Yahoo (Nasdaq:YHOO) shareholder proxy fight. Basically Carl bought a bunch Yahoo shares after the Microsoft deal fell through, and he is trying to remove the current Yahoo board, and make the sale to Microsoft. Intelligent observers may say did not Microsoft walked away
Reading Time: < 1 minute Week in review 11/04 to 11/10 1) Shanghai Univ of Finance and Economics, or SUFE, is celebrating its 90 years annaversary. SUFE also launched Shanghai consumer/investor confidence index, similar to Univ of Michigan consumer confidence index.
Reading Time: < 1 minute Source: Google CN and Yahoo China (Why did not baidu come up with something?) I noticed Yahoo (US version) has lots of pictures about Lunar New Year. While Chinese young generation are embracing the western holidays such as Christmas and Valentine’s Day (in some ways western holidays are overshadowing the most important Chinese holiday), western world
Reading Time: < 1 minute Google is doing everything to become the king of the Internet. The holiday promotion of Google Check out is targeted towards eBay’s Paypal; in the search market it’s continuing gaining market share from Yahoo, although I still like Yahoo Mail better than GMail 🙂 eBay is not standing still, it’s raising the listing fees. As