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Time for more money to Yahoo China and Koubei.com
The good news is Yahoo China and Koubei.com (口碑网) are set to receive RMB 300 millions worth of additional fundings from their parent company, Alibaba group, to develop their local search engine, according to the Sina Tech.
The news was confirmed by Yahoo China Vice President Shen Jianming yesterday. Yet, a dramatic turn happened as Miss Shen Jianming told the local media that she has resigned for personal reasons and depart from the company officially. Aliuser got the news from Beijing-based China TechNews.com.
Yahoo China and Koubei.com (口碑网) joined force together again in order to develop an organizational and service-related website covering the area of Shanghai, Beijing and Guangzhou. Services on the site will include food, real estate, community services, leisure and culture, health care services, and education.
Miss Shen said her departure was attributed to the change of the company’s business approach. She was assigned to manage Koubei.com in Hangzhou, which was far away from her home town, Beijing. She submitted her resignation a month ago after a few thoughts.
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