BEIJING -(Dow Jones)- Chinese Internet company Alibaba Group said Wednesday its software unit is launching a Web site to sell business software developed by various companies.
Alibaba Group, in which Yahoo Inc. (YHOO) holds a stake of around 40%, started Alisoft Co. in January last year to target small- and medium-sized businesses in China.
Alibaba Group said the Alisoft.com Web site will sell software from industry heavyweights, such as Microsoft Corp. (MSFT) and Cisco Systems Inc. (CSCO), and from thousands of independent vendors.
Alisoft said in April it will offer software, including programs to manage inventory and customer relations, and develop Web-based applications such as email, word processing and spreadsheets using Microsoft technology.
Thursday, January 17, 2008
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