yahoo alipay talks constructive
Saturday 11 January 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

Yahoo!: Alipay talks "constructive"

Arab Today, arab today

Arab Today, arab today Yahoo!: Alipay talks "constructive"

San Francisco - AFP

Alibaba Group stakeholder Yahoo! said talks aimed at resolving a rift over Chinese online payment platform Alipay have been "constructive." Yahoo! notified the US Securities and Exchange Commission in May that ownership of Alipay had been shifted to a Chinese firm owned mostly by Alibaba chief executive Jack Ma. Yahoo! said the transfer was done without the knowledge or approval of Alibaba's board of directors or shareholders, which also include Japan's Softbank. But Ma has insisted that investors Yahoo! and Softbank were informed of the transfer of ownership and it was done to comply with Chinese licensing regulations. Alibaba and major shareholders Yahoo! and Softbank "continue to be engaged in constructive negotiations," Yahoo! said in a statement. "And we have made substantive and encouraging progress toward an agreement regarding Alipay," the California-based Internet pioneer continued. "Our objective is to reach an agreement in a timely manner that serves the interests of all stakeholders." Ma has portrayed himself as the good guy in the rift with Yahoo! and suggested the faded Internet star get its own house in order. During a chat at an All Things Digital conference early this month in the California resort town of Rancho Palos Verdes, Ma likened meetings with Yahoo! to "peace talks in the United Nations" slowly moving toward an accord. "I'm the good guy," Ma said. "I think I do the right things. Somebody has to take the responsibility to be the leader to make decisions to move things ahead." Yahoo! owns a 43 percent stake in Alibaba and an estimated 40 percent share of Alipay. Ma envisioned Alibaba becoming the main platform for online commerce in China.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

yahoo alipay talks constructive yahoo alipay talks constructive

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

yahoo alipay talks constructive yahoo alipay talks constructive

 



GMT 02:36 2017 Saturday ,23 December

Syrian regime forces bombarded Hama killing dozens

GMT 06:54 2017 Friday ,22 December

US vice president makes unannounced Afghanistan visit

GMT 11:28 2018 Wednesday ,17 January

Ambassador of Switzerland meets MP Khalil

GMT 20:05 2011 Friday ,05 August

Sikorsky delivers first S-701 helicopters

GMT 13:47 2017 Thursday ,14 September

EU citizens, British expats rally for Brexit rights

GMT 21:08 2016 Tuesday ,22 November

Kuwaiti Oil Price Goes up to $42.51 pb

GMT 04:03 2017 Tuesday ,25 July

Jamaica stuns Mexico to reach Gold Cup final

GMT 18:52 2015 Saturday ,12 December

Nusra chief rejects outcome of Riyadh meet on Syria

GMT 10:04 2017 Thursday ,13 April

Mattis: No Doubt the Syrian Government Responsible

GMT 14:05 2017 Thursday ,02 March

Canada economy grew 2.6% in fourth quarter
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday