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."

Jack Ma in the Davos International Economic Forum
"Ten years ago, I borrowed 2000 dollars to set up a web company, without any belief in my success.At that time the web chat room wasn't permitted, but now there is no question." said Jack Ma,the chairman and CEO of Alibaba.com Corporation, in the Swiss Davos International Economic Forum.

The company depending on the Jack Ma's 2000 dollars were "China yellow page", the first Chinese business information website which early form the enterprise-oriented Internet business model.

Jack Ma said that Internet has changed everyone's scope in the Davos International Economic Forum. Just ten years ago, such e-commerce platform as alibaba.com weren't be taken into consideration to have a large effect on the growth of economy, the advancement of society and the improvement of common people living.

The issue of this term forum are focused on the collaboration between the media, government and enterprise.

"I have just been to the Europe and U.S, finding the western society pay attention to the copyright protection. I have been asked about the Internet censorship for many times. I answered that there are also several edition rumors about myself.In China, every family only have one Child, so, I think, it is necessary to think highly of Internet education and control for the sexual websites and violence in the games."