Alibaba.com gets a new president
November 30, 2006 | BY
clpstaff &clp articles &After only two months as president of Alibaba.com, Xie Wen has resigned the position, citing personal reasons, reports the Asian Wall Street Journal. According…
After only two months as president of Alibaba.com, Xie Wen has resigned the position, citing personal reasons, reports the Asian Wall Street Journal. According to Alibaba.com, a division of Yahoo.com, Xie will remain a strategic consultant for the company while Zeng Ming, the company's former vice president for strategic and business development, will take on the role of president.
In China, where search engines Google.com and Baidu.com have controlled internet market shares, Yahoo.com has struggled to increase profits. Statistics from China Internet Network Information Centre show that in September 2006 Baidu.com controlled 62% of China's internet search traffic, Google.com had 25% and Yahoo.com had only 4.8%, showing a low volume of public interest.
Yahoo.com may need to broaden its business strategy beyond its search engine and restructure its management to increase profits in China. Duncan Clark, the chairman of BDA China, told the Asian Wall Street Journal that opportunities for acquisitions in China are great, but Yahoo.com could be limited if it tried to expand in various directions.
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