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From Yahoo's (NASDAQ:YHOO) Q1 2006 earnings results conference call:

Jerry Yang - Co-founder and Chief Yahoo!

As far as the rest of Asia goes, in China we are very pleased with our joint venture in Alibaba; it is coming up on six months of working together. They are obviously a private company so we can’t specifically talk about what they’re doing, but in general I think they continue to make a lot of headway in their business of B2B commerce as well as C2C and B2C commerce. Their efforts with Yahoo! China is starting to take hold as we continue to introduce a lot of communications and search products.

As we have said all along, China is in early days. In other parts of Asia, I think we’re starting to really see our strategy of community and search and personalization really take hold. In a country like Taiwan, which is small but I think is a good example of how we can put a lot of those assets together and make it work and make it a very strong portal and a search.

Source: Conference Call Highlights: Yahoo! on China (YHOO)