Marbridge Daily

<- November 14, 2007 ->

Alibaba, Softbank to Form JV in Japan

SinaTech, 11/13/07

Tuesday, during the 2007 GSM Asian Mobile Awards, Softbank President Masayoshi Son stated that the company is negotiating with Alibaba and planning to set up a Japanese joint venture company to expand into the Japanese market. Son said that Softbank will hold a majority of the JV shares, but other contract details have not been finalized.

 

Keywords: Alibaba, Softbank, JV, Japan, B2B, e-commerce, Masayoshi Son, Internet

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