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Factbox: Major M&A deals in China's Internet industry

2013-07-17 11:23 China Daily Web Editor: qindexing
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August 2005: Yahoo Inc invested $1 billion in cash to purchase shares of Alibaba Group Holding Ltd. The agreement gave Yahoo an approximately 35 percent share of voting rights, making it the largest strategic investor in Alibaba.

November 2011: Chang-You.com Ltd, an online gaming developer and operator owned by Sohu.com Inc, acquired China's largest gaming portal 17173.com for $162 million.

April 2013: Alibaba Group Holding Ltd spent $586 million to buy a stake in Weibo.com, a popular micro-blogging service operated by Sina Corp.

May 2013: Baidu Inc bought PPStream Inc's online video business for $370 million.

May 2013: Alibaba Group Holding Ltd spent $294 million for a 28 percent stake of navigation company AutoNavi Holdings Ltd.

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