CHINA YAHOO! WON'T DIP TOE IN ONLINE GAMING
AsiaInfo Services, December, 2007
AsiaInfo Services 12-07-2007 China Yahoo! Won't Dip Toe in Online Gaming BEIJING, Dec 07, 2007 (SinoCast via COMTEX) -- China Yahoo! has no plan to foray into the online gaming market in a medium or long term, said Shen Jianming, vice president of Alibaba Group and China Yahoo!, on December 5, 2007. The saying is relating to recent rampant talks that China Yahoo! is to dip toe in the online gaming industry through its cooperation with Kingsoft Corporation Limited (SEHK: 3888). Online gaming, the president pointed out, is not adaptive to Alibaba Group's main business to build up an e-commerce industrial chain and serve small and medium businesses.
Alibaba Group is aiming at multipronged growth. An insider of Beijing Kingsoft affirmed on November 30 that...
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