China official news agency set to create a news center in Yahoo China

Posted by Aliuser on Nov 30, 2009 in B2B marketplace

China’s official news agency Xinhua has signed a partnership agreement for a strategic alliance with Internet firm Alibaba Group.

According to the agreement, Xinhua News Agency will provide Alibaba with a variety of information services spanning domestic and foreign macroeconomic news, and industry, policy, and market information. The two sides also agreed to join in creating a news center on the Alibaba-owned Yahoo China.

“Last year, we saw changes from different kinds of order data, which helped us survive the financial crisis. However, the data will play a big role with the professional analysis of Xinhua News Agency, which will help the nation and the whole world,” said Jack Ma, CEO and founder of Alibaba Group.

Lu Wei, vice president of Xinhua News Agency, praised the alliance as “win-win cooperation”, adding, “Xinhua News Agency, faced with the historical transformation need from single medium to multimedia, is actively coping with the comprehensive challenges brought by new media and new technologies. We will provide information for the news channel of the Yahoo China website.”