Jerry Yang admit Yahoo(China) current situation not good

It is reported by foreign media that Yahoo will annouce to accquire Right Media, a U.S online Ad trade platform provider. Jerry Yang,co-founder of Yahoo, said on Wednesday he would recommend Jack Ma, CEO of Alibaba, to run such type of trade platform in China.
　　
Jerry Yang delivered this speech above at the conference in California with over 1000 high-tech entrepreneurs from China and U.S, referring to opportunities and challenges with the China rapid growth.　　

"I will call Jack Ma, telling him the idea about ad trade platform" Jerry Yang said "a large business opportunity included."

Aug 2005, Yahoo took 40 percent share of Alibaba with 10 billions dollars and Alibaba owned the right to run Yahoo(China) as a exchange.

Jerry Yang said that Yahoo and Alibaba should "catch up with competitor" in Chinese search and portal business, but he estimated the situation reversed untill at least several years later.

"All in all, so far we are considering the deal right, but it's too early to judge whether the collabroration succeed or not." Jerry Yang said "Two sides getting interest from collaboration between China and American companies is the best strategy."

The Revenue of C2C e-commerce Websites Reach 21.6 billion

According to the data of DCCI Internet Data Centre, the revenue of C2C e-commerce websites have reached 21.6 billion.

It is expected that the revenue of C2C e-commerce websites in China will increase at the rate of 3.81% in 2007 to 41.2 billion in 2008.

(The orange colum represent the scale of C2C. The line is the trend for the increase rate)