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Yahoo China disclosed a business plan with Koubei.com (口碑网) with a view to fully developing a consumer-based search service.

Controlled by Alibaba group, both Yahoo China and Koubei.com are targeting for consumer to consumer market. The plan will direct its effort to bring convergence between these two portals, improving its productivity and efficiency in the areas of eCommerce, community and communications.

Koubei.com was initialized in Hangzhou in 2004. Over the past three years, it becomes one of the high flyers to set foothold in most of China provinces. Its business extends from classified listings, community to forum. Koubei, means “words of mouth” in Chinese.

The news update came this morning did not unveil a full detail plan but it stresses the importance of building a strong search capability. Jack Ma, Chairman and Non-Executive Director of Alibaba.com, said the move would create a top-notched life style platform for consumers in China.

 

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Ants wqrldphoto courtesty of DreamWorks SKG

Jack Ma, Chairman and Non-Executive Director of Alibaba.com made a forecast that the world economy situation would be as bleak as that in 2001, 2002 where the dot-com bubble have taken place. He warned that the “winter” would probably last as long as three years.

Yet, He still pledged his support to China exporters, manufacturers and suppliers in the wake of gloomy economic sentiment. He suggested that SME in China should behave and work like “ants” which managed to survive much longer than such mammals as lions and elephants through all these years.

“Our Winport project launched two days ago will charge as little fee as we can, we have been thinking to offer the services for free.” Mr Ma said in a recent interview with China Alibaba.com ( The interview was done in Mandarin though).

Alibaba raise investors’ eyebrows by reporting a strong net profit of 300.7 million yuan for the first quarter of 2008 on May 5th, a leap of 111. 7 percent year-on-year and 162 percent quarter-on-quarter, excluding the one-off interest income received from over-subscriptions during IPO in the fourth quarter of 2007. Find out the Full report here

Investors’ sentiments undoubtedly are still haunted by the painstaking experiences earned from the previous internet bubble burst, coupled with the emerging economic dark cloud in the United States, rising RMS value, escalating energy and food prices. Alibaba (1688.HK) closed at HK$14.14 per share last Friday.

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It happens in Beijing two days ago. Jack Ma, chairman and CEO of Alibaba Group, gave a 15-minute speech to a group of students attending a “Create your own future” seminar hosted by CCTV2.

The speech was conducted in Chinese. We have picked up some interesting lines and tried to stay close to the meaning as much as we can. Should you be interested in the whole speech, you can visit the video clip and text copy here.

I act like a blind person riding on the back of a tiger. I don’t know what’s going to happen. Yet I strongly believe that the internet shall have a titanic impact on us, on human beings.”

“I believe an enterpreneur should know how to creat an opportunity and favorable environment to work with. should the environment be there ealier, he/she may not be lucky enough to lay his/her hands on it.”

“An enterpreneur must answer 2 questions with assurance. First, what do you want to do? It has nothing to do with what your family wants, what your colleagues think of and what others think of you. It’all about you.”

“Secondly, when you find out what you need to do, you get to be vey clear what you need to do. It does not matter whether you can do it.”

“You also need to find out what you need to do and what you don’t need to do. I feels the world abounds with genius, who is more capable than I am. In order to attain the goal, I have to make sure that I am the only one who have more desire than anyone in the world to make it happens.”

Sounds simple but inspiring!


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