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Category: World & Business View profile | Posted by soccerman 375 days ago

Alibaba Group Holding Ltd. Chairman
Jack Ma said the spinoff of the Alipay online payment business
is “lawful” and “transparent,” after biggest shareholder
Yahoo! Inc. claimed it wasn’t consulted on the transfer.“We are always committed to ensure our operations are 100
percent lawful,” Ma said today in Hong Kong. “The matter of
Alipay is not settled yet” amid ongoing negotiations with Yahoo
and Softbank Corp. (9984), Alibaba’s second-biggest shareholder, on the
post-transfer commercial arrangements, Ma said.

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Alibaba Says Alipay Spinoff ‘Lawful’ After Yahoo’s Failed-Disclosure Claim - Bloomberg

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