All roads lead east for web firms

The boss of eBay recently told analysts that China was a "must win" for all global internet businesses.
Meg Whitman's views are clearly shared by her rivals judging by the flurry of activity which has surrounded China's fledgling e-commerce market in recent days. Yahoo's $1bn (£556m) purchase of a 40% stake in Alibaba.com, which owns China's largest auction site, is the latest and most eye-watering in a series of deals involving Western firms.

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