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Rumor: Alibaba Group Considering Full Acquisition of Yahoo
Enorth.com.cn, 10/04/11
According to industry sources, Chinese e-commerce conglomerate Alibaba Group is currently in discussions with global IT private investment firm Silver Lake and Russian investment group Digital Sky Technologies (DST) over the possibility of jointly acquiring US internet firm Yahoo. Read More
Jack Ma Addresses Alipay Asset Transfer Controversy
Sina Tech, 6/14/11
Jack Ma, chairman and CEO of e-commerce conglomerate Alibaba Group, said in a press conference in Hangzhou today that Yahoo co-founder Jerry Yang and Softbank CEO Masayoshi Son, members of Alibaba's board of directors, both believed that Alibaba's subsidiary Alipay could apply for a third-party payment license, despite not being 100% domestically owned as required by the People's Bank of China (PBoC). Read More
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