One of the biggest Chinese Internet companies Alibaba.com Corp whose main shareholder is Yahoo! Inc has declared its readiness to buy part of the shares, owned by American investors, in the event of such proposals.

According to the head of the company, Jack Ma, Alibaba's executives have prepared for such a turn of events and are considering various options of the situation.

The reason for such statements were the words of Yahoo's management about possible sales of Asian funds to increase investors' income. The decision came after signing an agreement with the main Yahoo investor Carl Icahn.

Yahoo owns 39% of shares of Alibaba, which were received in exchange for Chinese company unit and additional charge of about one billion U.S. dollars.

Moreover,Yahoo also owns 33.4% of shares of Yahoo! Japan Inc, which might be sold to Japanese Softbank Corp company,

According to Agency Xinhuanet

Google Translate will soon become "alive". One of the richest translation and localization services will soon expand its proposed set of services involving real translators.

Foreign translators and volunteers, and not the company employees, will likely carry out professional translations and improve Google's machine translation, or complete a translaction on order from scratch.

Google Translation Center will allow users to upload the document and select the required professional from the register. This style of work may allow customers to receive translation at a reasonable cost of not only individual pages, but also of whole sites.

iOptimize opened a network for owners of hotels and SEO-Specialists.

New tools for interaction between different internet market players appears on the Internet. The first social network http://www.ioptimizemarketing.com for the hotel business owners and managers of companies that provide SEO services is one of such tools.

According to the company's management, the owner of the iOptimize Marketing network , the main purpose of the network is an exchange of views, experiences and ideas on the best practices in the optimization and promotion of sites in the area of the hotel business. The social network will not only allow to receive advice on SEO, but also to find new customers for both sides.

In order to ensure the ratio of representatives of industries 50/50, access to the network will be carried out only by invitation.

The Microsoft company announced the beginning of a partnership with Zvents, the local search and advertising network. The purpose of cooperation is a network integration with MSN City Guides. With the help of Zvents technology local advertisers can target ads for events and exhibitions taking place in certain areas.

Zvents has nearly 250 media partners who will supply the content for indexing MSN City Guides. Content generated by users also will be part of mixed MSN search results.

"Our goal is to bring new user experience for MSN visitors," said Manu Vij, Channel Manager of MSN Local project in Microsoft.

"With the help of Zvents, our users can quickly find an event that occurs in their area - whether a car show, a concert in the park, pre-sale or distribution of celebrity autographs - almost everything that reflects their interests."

According to Search Engine Watch

Yahoo Inc. announced the beginning of the compensation program in connection with the closure of its own online music store on September 30 of this year.

According to the company, customers who paid for the purchase of music would receive compensation coupons for the purchase of tracks from the new Yahoo's partner Rhapsody. Music will be sold in MP3 format without copy protection.

According to the Yahoo's press secretary Kerry Davis, a "small amount" of users will be affected by the closure of the store. Yahoo does not give the actual number of users who will lose their money.

According to Chicago Tribune