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

[Delete]

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.


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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.


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]

Wow lot of money

 

[Elefekt]

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

 

[RJ]

Originally posted by Elefekt
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]

How Many People in China again?
Lots :D

 

[Delete]

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

 

[slipondajimmy]

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%
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]

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

 

[Delete]

anybody know where to reg these chinese domains?

 

[slipondajimmy]

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

 

[Toeki]

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]

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]

TOO MUCH MONEY :o

 

[jane118]

that much is jut change for yahoo!!!!

 

[redhippo]

wow...what up doc...go for the Cities

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

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

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