According to local media, Yahoo China today initiated a company-wide job cut. These job cuts resulted in internal restructuring including the possible closure of Yahoo China’s new media units. On the other hand, Yahoo China’s main investor Alibaba yesterday announced the formation of its search engine and pay-for-performance advertising team.
What's wrong with Yahoo's efforts in those areas? Yahoo China is not a Yahoo subsidiary; Yahoo swapped its Chinese unit for a stake in Alibaba. These cutbacks seem unrelated to Yahoo's pending layoffs -- but it's telling that Alibaba thinks it's better off with homegrown efforts than the businesses it inherited from Yahoo.
Friday, January 25, 2008
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