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Yahoo! and Alibaba Reach Agreement on Comprehensive Plan for Alibaba Stake

By Guest PostMay 20, 2012Technologyalibaba, alibaba group, China, e commerce company, goldman sachs, initial public offering, ipo, jack ma, joe tsai, michael callahan, monetization, ross levinsohn, tim morse, ubs investment bank, Yahoo, yahoo stake

Agreement Realizes Significant Value, Immediate Liquidity and Path to Future Monetization

Yahoo! Board Increases Share Repurchase Plan by US$5 Billion

SUNNYVALE, Calif. & HANGZHOU, China — Yahoo! Inc. and Alibaba Group Holding Limited today announced they have entered into a definitive agreement for a staged and comprehensive value realization plan for Yahoo!’s stake in Alibaba.

The first step is the repurchase by Alibaba of up to one-half of Yahoo!’s stake, or approximately 20% of Alibaba’s fully-diluted shares. The purchase price will be based on a valuation of Alibaba to be established through equity financings that Alibaba intends to undertake to finance the transaction, subject to a floor valuation of approximately US$35 billion. The agreement includes substantial financial incentives for Alibaba to raise the additional equity at a valuation higher than US$35 billion. At the minimum price and assuming the initial repurchase of the full 20% stake, Yahoo! would receive from Alibaba consideration of approximately US$7.1 billion, composed of at least US$6.3 billion in cash proceeds and up to US$800 million in newly-issued Alibaba preferred stock. (more…)

China Takes Action to Stop Software Counterfeiting

By Guest PostMay 17, 2012Politics, TechnologyBeijing, China, chinese government, coas, copyright infringement, counterfeit software, counterfeiter, crime, david finn, dell, haidian district, hp, huang jingping, intellectual property, intellectual property rights, ipr, lenovo, Microsoft, peoples court, piracy, shang yajun, simplified chinese, wang changlin, windows 7, windows server 2008, windows xp professional

Counterfeiter sentenced to more than seven years for manufacturing and distributing fake Microsoft products.

REDMOND, Wash., and BEIJING — The Chinese government has dealt a strong blow against intellectual property crime, penalizing counterfeiter Shang Yajun for copyright infringement and the sale of illegally manufactured registered trademarks. The 1st Intermediate People’s Court of Beijing upheld the Haidian District Court’s decision that sentenced Shang to seven years and six months imprisonment, representing the longest-ever criminal sentence in China for selling and distributing counterfeit software products.

In its July 2011 raid of storage facilities belonging to Shang, the Haidian District Public Security Bureau in Beijing confiscated more than 360,000 partially finished certificates of authenticity (COAs). Although product names and product identification had not been added yet, it is estimated that when finished and packed, their worth would be approximately 513.5 million RMB, or $79 million (U.S.). (more…)

Mather Lecture

By Guest PostMay 14, 2012Environmentatmosphere, atmospheric moisture, biodiversity, charles j vörösmarty, China, climate change, computer model, cort willmott, deforestation, Europe, geospatial data, global water crisis, hydrology, India, industrializing place, john r mather, mather lecture, nancy targett, natural water systems, nitrogen pollution, noaa, river, sandra mather, stress, thermal regime, united states, university of delaware, water cycle, water management

Renowned expert Charles J. Vörösmarty addresses global water crisis

The world’s streams, rivers and lakes are under increasing stress because of human water management – and mismanagement – that threaten aquatic biodiversity and the water supply, Charles J. Vörösmarty said recently during the second annual John R. Mather Visiting Scholars Lecture.

Vörösmarty, professor of civil engineering with the City College of New York, presented “Global Water Crisis: The Slippery Slope” on May 3 at the University of Delaware’s Roselle Center for the Arts.

“The contemporary water system is really defined increasingly by the actions of humans,” he said. (more…)

Spy Hackers

By Guest PostMay 5, 2012Politicsafghan president, afghan war, afghanistan, al qaeda, america, american espionage, american intelligence policy, Barack Obama, battlefield strategy, China, chinese hacker, digital age, george w. bush, hamid karzai, intelligence historian, iran, lies, matthew aid, middle east, north korea, osama bin laden, pentagon, russian linguist, sneaky guys, somalia, spies, spy hackers, university of delaware, us intelligence, yemen

Intelligence historian cites changing focus of American espionage

In the spy trade, predicting the future is a risky business at best, but experts believe that America’s intelligence efforts will focus on Iran, North Korea and China.

Matthew M. Aid, intelligence historian and expert on the National Security Agency, discussed the forces driving this emerging strategy during a talk on Wednesday, May 2, in Mitchell Hall.

Aid’s talk, “The Future of Intelligence and Espionage,” concluded the spring 2012 Global Agenda speaker series “Spies, Lies and Sneaky Guys: Espionage and Intelligence in the Digital Age.” (more…)

Q&A: Economic ‘Prophet’ Now Showing Classes How Theory Translates into Practice

By Guest PostMay 3, 2012Economyaleh tsyvinski, american goods, asia, China, economic, economic system, economist, Europe, france, Germany, global economy, globalization, Greece, ireland, italy, jackson institute, japanese economy, jeff garten, lessons of japan, macro debate, macroeconomics, michael marsland, minister of finance, morgan stanley asia, portugal, practice, prognosis, prophet, rick levin, school of management, som, spain, stephen roach, the next china, theory, united states, Wall Street, world economy, xiang huaicheng, yale

Stephen Roach is a respected authority on Asia — China in particular — and an often-cited and widely recognized prophet on the global economy.

Until recently chair of Morgan Stanley Asia and long the firm’s chief economist, Roach came to Yale in 2010 as a senior fellow in the newly inaugurated Jackson Institute for Global Affairs, with a joint appointment at the School of Management (SOM). This spring Roach announced he would be retiring from Morgan Stanley after 30 years with the firm to teach full time at Yale.

YaleNews recently met with the economist in his office to discuss his new career as a teacher and to get his prognosis on the future of the world economy. (more…)

Researchers Give Long Look at Who Benefits From Nature Tourism

By Guest PostApril 28, 2012Environment, Naturebeauty, change, China, christine vogt, governmental official, guangming he, habitat management, junyan luo, kenneth frank, michigan state university, Nature, nature based tourism, panda preserve, social connection, southwestern china, tourist, wei liu, wolong nature reserve

EAST LANSING, Mich. — Using nature’s beauty as a tourist draw can boost conservation in China’s valued panda preserves, but it isn’t an automatic ticket out of poverty for the human inhabitants, a long-term study at Michigan State University shows.

The policy hitch: Often those who benefit most from nature-based tourism endeavors are people who already have resources. The truly impoverished have a harder time breaking into the tourism business. (more…)

Promiscuous Queen Bees Maintain Genetic Diversity

By Guest PostApril 18, 2012NatureChina, coast, csds, diploid male, entomologist, female workforce, fertile male, flavor, gene, genetic diversity, hainan island, infertile male, island queen, isolated island, malaysia, Philippines, plos one, promiscuous, queen bees, sex, voila moment, zachary huang

EAST LANSING, Mich. — By mating with nearly 100 males, queen bees on isolated islands avoid inbreeding and keep colonies healthy.

The results, published in the current issue of PLoS ONE, focused on giant honey bee colonies on Hainan Island, off the coast of China. Since these bees have long been separated from their continental cousins, it was thought that the island bees would be prime candidates for inbreeding as well as having very different genes, said Zachary Huang, Michigan State University entomologist. (more…)

IBM Survey Reveals Digital Behavioral Trends for Consumers: What is your Digital Personality?

By Guest PostApril 16, 2012Technologyanalytics, China, consumer, digital device, digital personalities, france, Germany, ibm, Japan, market, Media, nab conference, payment, saul berman, study, united kingdom, united states, web

*Media & Entertainment Providers Must Practice New Rules for Engagement, Digitizing Content is Not Enough*

ARMONK, N.Y. – 16 Apr 2012: A new IBM study of the media and entertainment market, reveals that as consumers adopt an increasing number of digital devices, four distinct new “digital personalities” are emerging. This shift is compelling companies to adopt more innovative business models that deliver personalized experiences. (more…)

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