Yahoo buys China Internet firm 3721.com for 120 mln dollars cash

Delete · 12-01-2003, 04:37 PM

Yahoo buys China Internet firm 3721.com for 120 mln dollars cash
Fri Nov 21,11:19 AM ET Add Technology - AFP to My Yahoo!

SHANGHAI (AFP) - Yahoo Inc. (Nasdaq:YHOO - news) said it will pay up to 120 million dollars in cash to buy 3721 Network Software Co., a company that provides the technology for the Chinese language search engine 3721.com.

Yahoo Photo

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Quote Data provided by Reuters

Yahoo expects to complete the acquisition by the end of the first quarter of 2004 and will pay for the company over two years.

3721 NSC is incorporated in Hong Kong and has a technology alliance with Beijing 3721 Technology, which operates the search engine 3721.com.

3721 NSC has developed a range of leading and proprietary technologies that help Chinese language users move around the Internet.
????: NamePros.com http://www.namepros.com/industry-news/12206-yahoo-buys-china-internet-firm-3721-a.html

Instead of typing in URLs and domain names in English to find web pages, the technology allows users to input Chinese characters.

China has become the world's second largest Internet market in terms of users, with nearly 70 million people jumping online, according to official statistics.

Beijing-based consultant CCID Consulting forecasts China will have 100 million broadband Internet users by 2007.

"The online search market in China is growing rapidly and will be worth billions of dollars over the next few years," Cui Xiaobo, senior Internet analyst with Beijing-based consultants MFC Insight said.

"3721 is the most utilized Chinese language Internet directory in China. So it fits in with Yahoo's global strategy of beefing up its search engine business," he added.

But competition is increasing, with a range of companies including leading Internet portal Sohu.com, and search engines Baidu.com and Google all trying to grab a share of the market.

Yahoo said that as a result of the deal it will provide Beijing 3721 with a broad range of Yahoo technology, products and services to help small and medium-sized businesses in Asia reach more customers.

3721 NSC's technology portfolio includes the ability to enable keyword searches through the Internet Explorer browser address bar in addition to search tool bars.

It also enables non-English language users to enter search terms in local languages.

Yahoo < News

Chris Matthers · 12-01-2003, 07:03 PM

Wow lot of money

Elefekt · 12-01-2003, 11:59 PM

Yes a very lot of money. Seems like Yahoo wants that software for its searches

RJ · 12-02-2003, 12:06 AM

Quote:

Originally posted by Elefekt
????: NamePros.com http://www.namepros.com/showthread.php?t=12206
Yes a very lot of money. Seems like Yahoo wants that software for its searches

"3721 is the most utilized Chinese language Internet directory in China."

And a piece of the action in an emerging Chinese market!

darksk8er · 12-02-2003, 12:17 AM

How Many People in China again?
Lots

Delete · 12-02-2003, 11:35 AM

china's internet use is the fastest growing country in the world at the minute.

slipondajimmy · 12-02-2003, 01:05 PM

hmmm around 1.5 billion people in china

Chinese Internet Access (millions)
Dial-up 45.01
Leased lines 23.42
Broadband 9.80
ISDN 4.90
Note: Multiple access methods are counted;
leased lines refer to LAN
Source: CNNIC

Ages of Chinese Internet Users
Under 18 17.1%
18-24 39.1%
25-30 17.2%
31-35 10.3%
36-40 7.4%
41-50 6.0%
51-60 2.1%
Above 60 0.8%
????: NamePros.com http://www.namepros.com/showthread.php?t=12206
Source: CNNIC

Education Level of Chinese
Internet Users
Under high school 13.9%
High School 30.9%
Junior college 27.1%
Bachelor degree 25.5%
Master degree 2.1%
Doctorate degree 0.5%
Source: CNNIC

as of october 2003

jj2ii3344 · 12-02-2003, 04:43 PM

Smart move! I was also looking into Chinese domain names as well!

Delete · 12-02-2003, 04:48 PM

anybody know where to reg these chinese domains?

slipondajimmy · 12-02-2003, 08:38 PM

http://www.domainprocessor.com/dotcn...?infolnk=36597 . this is just the first place i found

Toeki · 12-02-2003, 09:14 PM

Yahoo can't do it or takes to much time .. . so the best way is to just buy companies and hope they made the right move.

DomainSage · 12-02-2003, 10:00 PM

Hi Toeki,

Just remember that there is more value to a business rather than just a domain.

It is an easy equation for any business :

To set up from scratch :
programming hours x price for one hr prog
advertising >>>> make your own numbers up

Getting users ( not just unique click thoughs ) >>> again it depends

It is quite often easier and cheaper to buy an existing company than to try and set everything up for yourself from scratch.

All the best.

Richard.

phrone · 12-05-2003, 10:06 PM

TOO MUCH MONEY

jane118 · 12-05-2003, 11:04 PM

that much is jut change for yahoo!!!!

redhippo · 12-06-2003, 05:16 AM

wow...what up doc...go for the Cities
????: NamePros.com http://www.namepros.com/showthread.php?t=12206

any name you like...specify...chief NP translator here

Quote:

Originally posted by Delete
anybody know where to reg these chinese domains?

Quote:

Originally posted by jj2ii3344
Smart move! I was also looking into Chinese domain names as well!

12-01-2003, 04:37 PM	THREAD STARTER #1 (permalink)
Delete Account Suspended Join Date: Oct 2003 Location: Seattle, WA Posts: 1,104	Yahoo buys China Internet firm 3721.com for 120 mln dollars cash Yahoo buys China Internet firm 3721.com for 120 mln dollars cash Fri Nov 21,11:19 AM ET Add Technology - AFP to My Yahoo! SHANGHAI (AFP) - Yahoo Inc. (Nasdaq:YHOO - news) said it will pay up to 120 million dollars in cash to buy 3721 Network Software Co., a company that provides the technology for the Chinese language search engine 3721.com. Yahoo Photo Related Quotes YHOO DJIA NASDAQ ^SPC 44.21 9899.05 1989.82 1070.12 +1.22 +116.59 +29.56 +11.92 delayed 20 mins - disclaimer Quote Data provided by Reuters Yahoo expects to complete the acquisition by the end of the first quarter of 2004 and will pay for the company over two years. 3721 NSC is incorporated in Hong Kong and has a technology alliance with Beijing 3721 Technology, which operates the search engine 3721.com. 3721 NSC has developed a range of leading and proprietary technologies that help Chinese language users move around the Internet. ????: NamePros.com http://www.namepros.com/industry-news/12206-yahoo-buys-china-internet-firm-3721-a.html Instead of typing in URLs and domain names in English to find web pages, the technology allows users to input Chinese characters. China has become the world's second largest Internet market in terms of users, with nearly 70 million people jumping online, according to official statistics. Beijing-based consultant CCID Consulting forecasts China will have 100 million broadband Internet users by 2007. "The online search market in China is growing rapidly and will be worth billions of dollars over the next few years," Cui Xiaobo, senior Internet analyst with Beijing-based consultants MFC Insight said. "3721 is the most utilized Chinese language Internet directory in China. So it fits in with Yahoo's global strategy of beefing up its search engine business," he added. But competition is increasing, with a range of companies including leading Internet portal Sohu.com, and search engines Baidu.com and Google all trying to grab a share of the market. Yahoo said that as a result of the deal it will provide Beijing 3721 with a broad range of Yahoo technology, products and services to help small and medium-sized businesses in Asia reach more customers. 3721 NSC's technology portfolio includes the ability to enable keyword searches through the Internet Explorer browser address bar in addition to search tool bars. It also enables non-English language users to enter search terms in local languages. Yahoo < News

12-01-2003, 07:03 PM	#2 (permalink)
Chris Matthers Senior Member Join Date: Jul 2003 Location: New York Posts: 1,890	Wow lot of money __________________ - Chris :cool:

12-01-2003, 11:59 PM	#3 (permalink)
Elefekt Senior Member Join Date: Oct 2003 Location: Hawaii Posts: 3,529	Yes a very lot of money. Seems like Yahoo wants that software for its searches __________________ Standards Voice - Coming soon...

12-02-2003, 12:17 AM	#5 (permalink)
darksk8er Senior Member Join Date: Jun 2003 Location: Oregon Posts: 1,606	How Many People in China again? Lots __________________ http://www.HiDefinition.net HiDefinition Web Solutions. David Gomez \| CEO

12-02-2003, 04:43 PM	#8 (permalink)
jj2ii3344 Senior Member Join Date: Jun 2003 Location: Markham, Ontario, Canada Posts: 3,370	Smart move! I was also looking into Chinese domain names as well! __________________ www.canonlens.ws Updated daily - Get Canon lens reviews and good deals on new/used Canon lens from CanonLens.ws![/SIZE]

12-02-2003, 11:35 AM	THREAD STARTER #6 (permalink)
Delete Account Suspended Join Date: Oct 2003 Location: Seattle, WA Posts: 1,104	china's internet use is the fastest growing country in the world at the minute.

12-02-2003, 01:05 PM	#7 (permalink)
slipondajimmy Senior Member Join Date: Nov 2003 Location: Florida Posts: 2,051	hmmm around 1.5 billion people in china Chinese Internet Access (millions) Dial-up 45.01 Leased lines 23.42 Broadband 9.80 ISDN 4.90 Note: Multiple access methods are counted; leased lines refer to LAN Source: CNNIC Ages of Chinese Internet Users Under 18 17.1% 18-24 39.1% 25-30 17.2% 31-35 10.3% 36-40 7.4% 41-50 6.0% 51-60 2.1% Above 60 0.8% ????: NamePros.com http://www.namepros.com/showthread.php?t=12206 Source: CNNIC Education Level of Chinese Internet Users Under high school 13.9% High School 30.9% Junior college 27.1% Bachelor degree 25.5% Master degree 2.1% Doctorate degree 0.5% Source: CNNIC as of october 2003

12-02-2003, 04:48 PM	THREAD STARTER #9 (permalink)
Delete Account Suspended Join Date: Oct 2003 Location: Seattle, WA Posts: 1,104	anybody know where to reg these chinese domains?

12-02-2003, 08:38 PM	#10 (permalink)
slipondajimmy Senior Member Join Date: Nov 2003 Location: Florida Posts: 2,051	http://www.domainprocessor.com/dotcn...?infolnk=36597 . this is just the first place i found

12-02-2003, 09:14 PM	#11 (permalink)
Toeki NamePros Regular Join Date: May 2003 Location: Taiwan Posts: 393 Follow @davidhammar	Yahoo can't do it or takes to much time .. . so the best way is to just buy companies and hope they made the right move. __________________ Toeki Enterprises Co. Toeki.com Hosting services. Dots.ws \| Toeki.Net Domain services (Accredited .WS Registrar) We accept PayPal, MoneyBookers, Credit Card, Bank Transfers and Western Union Transfer Service. Authorized AWBS reseller

12-02-2003, 10:00 PM	#12 (permalink)
DomainSage NamePros Regular Join Date: Oct 2003 Location: Venus ( everyone goes to Mars :) Posts: 820	Hi Toeki, Just remember that there is more value to a business rather than just a domain. It is an easy equation for any business : To set up from scratch : programming hours x price for one hr prog advertising >>>> make your own numbers up Getting users ( not just unique click thoughs ) >>> again it depends It is quite often easier and cheaper to buy an existing company than to try and set everything up for yourself from scratch. All the best. Richard. __________________ As we slide down the banister of life, may the splinters never point the wrong way. ~~~~~~~~~~~~~~~~~~~ http://DomainSage.com COSHH information

12-05-2003, 10:06 PM	#13 (permalink)
phrone Account Suspended Join Date: Oct 2003 Location: Maine Posts: 1,114	TOO MUCH MONEY

12-05-2003, 11:04 PM	#14 (permalink)
jane118 Senior Member Join Date: Sep 2003 Location: Earth Posts: 1,233	that much is jut change for yahoo!!!! __________________ ============================= ۞۞۞ Browse WebHosting Offers ۞۞۞ www.WHoffers.com

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