Amazon.com Inc. (Nasdaq: AMZN) has agreed to acquire Joyo.com Ltd., an operator of online retail sites targeting China. The deal is valued at approximately $75 million, including around $72 million in cash and the assumption of employee stock options. It is expected to close later this quarter.Joyo.com was founded in 2000, and has raised venture capital from firms like Legend Capital and Softchina Venture Capital Corp.
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January 2006
Reading Now
Tim Clissold: Mr. China
I will have to dig up a commentary I read on this book which went along the lines of 'if you think that this text is required reading for investing in China, you probably shouldnt be managing other peoples' money'. Nevertheless its a reasonable read. China investing is a much different proposition today.Warren Buffett: The Essays of Warren Buffett : Lessons for Corporate America
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Let the Good Times Roll by Guy Kawasaki
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