Yahoo! Partnership
In October 2005, Alibaba Group and Yahoo! Inc. formed a long-term strategic partnership. In the landmark transaction, Alibaba Group acquired Yahoo! China and assumed management control of Yahoo! China's operations, and Yahoo! Inc. invested US$1 billion and became a strategic shareholder in Alibaba Group. Yahoo! co-founder and Chief Yahoo Jerry Yang holds one of the seats on Alibaba Group's four-person Board of Directors, which is chaired by Jack Ma.
Alibaba Group's partnership with Yahoo! Inc. added online search to Alibaba Group's e-commerce portfolio of businesses, helping make Alibaba Group one of the largest Internet companies in China with leadership positions in business-to-business e-commerce, consumer e-commerce, online payments, web-based software solutions, communications, and search. Through the partnership, Alibaba Group has access to Yahoo!'s world-class technology and global resources to better serve businesses and consumers in China and around the world.
Press Releases and Photos
 Alibaba Group Chairman and CEO, Jack Ma, and former Yahoo! Chief Operating Officer, Dan Rosensweig, shake hands at the signing ceremony |
 Signing ceremony in Beijing, China to announce the partnership between Alibaba Group and Yahoo! Inc. |