patrix + china   25

Alibaba's Jack Ma at Stanford: "We Are Very Interested" in Buying the "Whole" of Yahoo
In answer to a direct question about whether his company was going to buy Yahoo at a forum at Stanford University in Silicon Valley this afternoon, Alibaba Group Chairman and CEO Jack Ma said: “We are very interested.”

Said Ma: “We are very interested in Yahoo. Our Alibaba group is important to Yahoo and Yahoo is important to us … All the serious buyers interested in Yahoo have talked to us.”

Finally, at least one crystal clear answer in the confusion at Yahoo. More importantly, it is the first time Ma has indicated that he wanted to be a principal player in any deal around Yahoo rather than an element of a buying group.

Later, in answer to a question I posed about how he was going to do that, Ma said he wanted the “whole” company, but that the effort was complicated and included a number of players.

Again, he said: “We are very, very interested.”

I also asked him if he had visited Yahoo in his trip to California, which Ma said he has not in 15 days here so far. He said he has mostly been sleeping and eating, as part of a longer-term visit to the U.S.

Ma’s declaration came as part of a lively closing keynote speech at Stanford University’s Graduate School of Business, where he talked about the Chinese Internet company’s growth, focusing on how China is the next great Web economy.

Talking about competitors such as eBay, which have tried to enter the huge Asian market, he joked that “eBay might be sharks in the ocean, but Alibaba is a crocodile in the Yangtze.”

Of course, given his presence in Silicon Valley, one topic of interest was whether Ma would be heading over to visit nearby Yahoo and what role he will play in the current internal debate over the company’s future in the wake of the ousting of its CEO Carol Bartz.

The disposition on Yahoo’s Asian assets, which includes 40 percent of Alibaba and a large stake in Yahoo! Japan, are critical to the current strategic review of the company, since they make up a large part of its market valuation.

In comparison, the value of its U.S. and other global assets are small.

When later asked about his experience of being involved with Yahoo, which made a very canny investment by Yahoo co-founder Jerry Yang in Alibaba many years ago, Ma also said that he would do it again, but not in the same way.

The same way has to do with the level of foreign ownership, which Ma has been trying to reduce in a number of ways and which Yahoo has thus far resisted.

To answer a question about the fight between Ma and Yahoo over its Alipay fight, when Ma spun it out of Alibaba, he said the situation was tense, but that today “the problem is solved and I am half-burnt.”

He was referring to a settlement, which will require a lot of growth from the still-nascent online payment business.

Ma was asked later about the biggest misunderstanding in the U.S. about China and vice versa. “Our job is not to solve the misunderstanding,” he said. “Our job is to change ourselves to solve the problem.”

In another query about his relationship with Yahoo’s Yang, Ma called him a lifelong friend and also said he appreciated how much that meant to Alibaba’s beginnings.

“But, this is business and not personal,” Ma said about the current situation. “While we appreciate yesterday, but we are looking for a better tomorrow.”

The first line, for those not mad fans of the classic movie like me, is from “The Godfather.”

The question is, though, will Ma make Yang an offer he can’t refuse?
Media  News  Alibaba_Group  Alipay  Asian  asset  buyer  California  Carol_Bartz  China  Chinese  competitor  deal  eBay  friend  global  Graduate_School_of_Business  investment  Jack_Ma  Jerry_Yang  Keynote  market  movie  payment  personal  settlement  Silicon_Valley  speech  stake  Stanford_University  strategic  The_Godfather  valuation  whole  Yahoo  Yahoo_Japan  Yangtze  from google
september 2011 by patrix
City Double
...we learn that a Chinese firm has been "secretly" copying an entire UNESCO-listed village in Austria, called Hallstatt. Residents of the original town are "scandalized," Der Spiegel reports, by these "plans to replicate the village—including its famous lake—in the southern Chinese province of Guangdong."
city  China  upb 
june 2011 by patrix
Architect's Dream Clients
IT was an unusual commission, unlike anything that Stuart Silk, a Seattle architect, had been offered in his quarter-century of practice: design three high-end custom homes for clients he would never meet. Although there were some specifications for functions and dimensions — total square feet, for example, and the number of bedrooms and baths — there wasn’t a clue as to style or a construction budget.

We used to dream of such clients way back in architecture school. We designed fancy expensive five-star hotels in school and then were asked to design toilet details after graduating. We accepted that as the bitter truth of architectural practice in realtiy. Alas, ten years too late. Damn you, China.
architects  China  business  upb 
january 2011 by patrix
Why China won’t win in this century
The reason why China will never win hands-down in its current economic war with America is the same as why Japan didn’t succeed in the 1980s when all (Americans included) were expecting that its corporations and banks would eat America up. The reason is that both countries are good at copying ideas and technologies; neither is good at inventing new ones.
China  innovation  culture  fave  blogs 
january 2011 by patrix
Hatching a cheap way to live in Beijing
Dai Haifei, 24, a newly graduated architect, decided to make his own egg-style home after being unable to afford Beijing’s sky-high rental prices. The two-meter high house with two wheels underneath is made from sack bags on the outside wall, bamboo splints on the inside and wood chippings and grass seeds in between.
home  China  upb  urban 
december 2010 by patrix
The Landgrab Project
...in Landgrab City, Grima, Johnson, and Esparza have created an accurate scale model of how much farmland it actually takes to feed the city of Shenzhen, rather than a 3D billboard for the benefits of urban agriculture along the lines of San Francisco City Hall’s Victory Garden. (In fact, seeing the sheer quantity of agricultural land required to fulfil the city’s dietary needs might somewhat dampen the spirits of those urban farmers who cherish idealistic visions of self-sufficiency.)
sustainability  farming  food  urban  China  upb 
october 2010 by patrix
The Longest Traffic Jam in History
You know you need a serious transportation overhaul when your traffic jam is 60 miles long and has lasted 9 days.

And nope, we aren't there yet.
traffic  china  transportation  upb 
august 2010 by patrix
Heavy Metal | Taiwan Music
Meet Chthonic, Taiwan's premier metal act. Don't expect to see them in China anytime soon.
taiwan  china  music  rock  rebel 
january 2010 by patrix
'Avatar' pulled from 2-D screens by Chinese government
The communist nation’s state-run movie distributor China Film Group is unexpectedly yanking the James Cameron-directed blockbuster "Avatar" from 1,628 2-D screens this week in favor of a biography of the ancient philosopher Confucius starring Chow-Yun Fat.
avatar  china  propoganda  communism  from delicious
january 2010 by patrix
Google Hack Attack Was Ultra Sophisticated
Hackers seeking source code from Google, Adobe and dozens of other high-profile companies used unprecedented tactics that combined encryption, stealth programming and an unknown hole in Internet Explorer, according to new details released by researchers at anti-virus firm McAfee.
google  security  china  hack  internet  hacking  cyberwar  from delicious
january 2010 by patrix
The Next World Order - NYTimes.com
CHINA and India are in a struggle for a top rung on the ladder of world power, but their approaches to the state and to power could not be more different.
nefa  politics  development  india  economics  china  fordesipundit 
january 2009 by patrix
China to Overtake U.S. Economy
Will its takeover over the U.S. economy really matter?
economics  china  unitedstates  economy  economicgrowth  nefa  wealth 
august 2008 by patrix
BBC SPORT | Olympics | Picture power: The moon and the torch
"I was running late, rushing from my last job to the Bird's Nest for the men's 100m final - as I turned the corner with one of my colleagues we saw a full moon rising above the stadium and we could not believe our luck!"
photography  olympics  images  china  nefa 
august 2008 by patrix
A Long Wait at the Gate to Greatness
China, the drumbeat goes, is poised to become the 800-pound gorilla of the international system, ready to dominate the 21st century the way the United States dominated the 20th. Except that it's not.
china  economics  politics  culture  government  demographics  environment  predictions  nefa 
july 2008 by patrix
Beijing 2008 Preparations - Three Weeks to Go
Final preparations for the 2008 Summer Olympics are in full swing in Beijing. This includes completing hundreds of construction projects, reconstructions, pollution controls, cultural training, and a general "beautifying" of greater Beijing.
olympics  china  photography  architecture  photos  beijing  nefa 
july 2008 by patrix
Photographing a Wedding and then an Earthquake
There were thirty-three missing guests in this church
earthquake  china  photography  wedding  NEFA 
may 2008 by patrix
Self-portraiture and emerging artistic consciousness in Dafen
In the popular imagination Dafen’s artists produce anonymous works for unknown customers, operating no differently than a faceless factory churning out counterfeits, replicas and nothing close to what would be considered art.
art  china  culture  portraits  creativity  painting  NEFA 
april 2008 by patrix
Beijing 2008
How about an updated logo?
china  olympics 
march 2008 by patrix
Mattel Takes the Blame for Toy Recalls
Recent toy industry recalls have less to do with shoddy overseas manufacturing than with design issues in the U.S.
toys  recall  china  mattel  NEFA 
september 2007 by patrix
Magic "Fish Spa" Attracts More
When placed in the spa, these fish can feed themselves on the dead cells of the human body, since they only consume such cells, leaving the healthy skin of the human body to grow.
china  travel  weird  fish  NEFA 
august 2007 by patrix
Living Without 'Made in China'
Sara Bongiorni and her family attempted to live without goods made in China for a year, and found that it was no simple task.
china  NEFA 
july 2007 by patrix

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