Yahoo China Dealt Blow

Alibaba Group’s restructuring of its China Yahoo business, which strips out a classified listings operation added to the site last year, marks yet another setback for China Yahoo since its high-profile tie-up with the Chinese e-commerce giant four years ago.

Alibaba said Friday it would separate Koubei.com, a classified-listings Web site, from China Yahoo and inject Koubei into its rapidly expanding retail Web site, Taobao.com. The Koubei listings service was merged with China Yahoo in June 2008, one of several moves to revamp the site since Alibaba took over Yahoo Inc.’s (YHOO) China operations.

Read the rest of this post on the original site