Alibaba bought yahoo.com? NO they just strike a $7 billion dollars deal May 2012

While back I wrote an article on chances are Alibaba can buy Yahoo if it want to, well today it’s official “Yahoo! announced today it has reached an agreement with Alibaba Group on a staged and comprehensive plan to unlock the Yahoo’s investment in Alibaba.”  Well everyone know google and its business, what about Alibaba? does many people knows about its company or website? Well I have to be dealing on Alibaba before and it’s a legitimate business website model after ebay, but targeting retailer or whole seller business, basically search for vendors all over the world mostly in China and tell them what you need, when and the volume, the vendors would bid on it, give you best price and you sign an agreement (electronic agreement that is) and that’s it, pay for it, and it will be shipped to you, and then you can sell it to consumers or use for your whatever projects. We’re talking about large volume, not single item for usage.

http://news.yahoo.com/blogs/lookout/yahoo-alibaba-reach-agreement-plan-alibaba-stake-023743118.html

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