Alibaba Sets Up JV With Softbank In Japan
Chinese e-commerce service provider Alibaba has announced plans to finally form a joint venture with Softbank Japan to fully take over the original Japanese language website of Alibaba.
Masayoshi Son, CEO of the SoftBank, first disclosed in November 2007 at the GSM Mobile Communications (Asia) Conference that SoftBank was negotiating with Alibaba. Sun said at the time that SoftBank will hold the majority... [end of article on ChinaTechNews]
Source : Chinatechnews
