Yahoo Acquisition of Chinese Startup
Beijing – Yahoo Inc. back shopping. A pioneering company alias startup from Beijing so the target. Is Zletic, a company that provides data analysis services purchased Yahoo social network on Thursday (July 18, 2013). However, the acquisition value is not known how many.
In its website pages, Zletic was pleased to acquire this. Founder Zletic is Hao Zheng, a former employee of Yahoo China. Hao Zletic founded only a year ago.
One of Yahoo spokesperson stated, with this acquisition, the eight employees Zletic will be brought to the office of research and development of Yahoo in Beijing.
This is Yahoo’s acquisition of the 19th under the control of Marissa Mayer. Yahoo under control Mayer likes shopping startup. Mayer wants Yahoo to focus on the realm of mobile and new generations still.
Some time ago Yahoo acquired wide startup Summly, Xobni and Tumblr. Tumblr purchased with cash worth U.S. $ 1.1 billion.