Saturday, May 14, 2011

Alibaba says Yahoo was told of Alipay deal in 2009 (Reuters)



The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. REUTERS/Mario AnzuoniReuters - China's Alibaba Group said it told its board in July 2009 that it had transferred ownership of its online e-commerce business to Chief Executive Jack Ma, rejecting allegations by major shareholder Yahoo Inc that it had been blindsided by the deal.




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