Group plans to invest RMB 300 million to develop its daily life information website Yahoo Koubei (koubei.com) in 2009 and will make some adjustments to the site's business and organization, reports Sina quoting a company announcement on December 10.
China Yahoo plans to shrink its business and focus on koubei.com, said the report quoting recently-resigned Alibaba Group and China Yahoo vice president Jasmine Shen. Yahoo Koubei will focus on developing its Beijing, Shanghai and Shenzhen businesses next year, said the report. China Yahoo merged with Koubei.com on June 1.
Thursday, December 11, 2008
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