OK, $1 billion. Now get those 40 thieves out of my boardroom. EBay's efforts to dominate Internet auctions in China may soon sour if rumors flitting about the valley today prove true. Yahoo reportedly is planning to buy a 35 percent stake in Alibaba, China's biggest e-commerce company. People familiar with the negotiations tell Forbes that Yahoo might spend as much as $1 billion on the stake, which would be the largest foreign investment ever made in a Chinese technology company. Alibaba runs three popular online marketplaces in China, among them an auction site, Tao Bao, eBay's Chinese nemesis. A deal like the one described in Forbes would almost immediately position Yahoo as a leader in China's developing e-commerce market and deal a serious blow to eBay's interests there. If the media reports "were to come to fruition, it could be a substantial negative for eBay," Standard & Poor's analyst Scott Kessler told the Mercury News . "China is extremely important to them. Clearly, this is a totally different ballgame if you involve Yahoo."
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