Alibaba chief executive Jack Ma (3rd R) and Yahoo chief operating officer Daniel Rosensweig (2nd R) gesture during a press conference in Beijing, August 11, 2005. Yahoo Inc. will pay $1 billion for 40 percent of Chinese Web auctioneer Alibaba.com, taking on eBay and search firm Baidu.com as it extends its reach in the world's second-biggest Internet market. Photo in the background shows Jerry Yang, co-founder of Yahoo and Jack Ma on the Great Wall. [newsphoto] |
