YHOO: Already China's eBay (and then some), Alibaba...

12:22 PM Already China's eBay (and then some), Alibaba is setting its sights on becoming the logistics backbone of China's e-commerce industry (worth an estimated $190B in 2012). The company's China Smart Logistics Network (CSN), officially launched today, promises to eventually deliver goods between any two cities in China within 24 hours. Alibaba is promising to invest CNY100B ($16.3B) in the network, and expects it to handle CNY30B ($4.9B) in daily transactions when completed in 8-10 years. If CSN proves a success, it could go a long way towards justifying the huge valuations being thrown around for Alibaba ahead of an IPO Yahoo (YHOO) investors can't wait to see happen. Read comments

YHOO price at time of publication: $26.20. Check YHOO price now »

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