The media are an in-depth work for the opacity of
Yahoo/Alibaba/Alipay, so I’m going only to the situation in the shortest terms to summarize.
Yahoo (SOFTBANK) is the owner of a large part of Alibaba, which in turn had Alipay. Alipay is the company of payment on-line, which means according to Chinese law, may have foreign ownership. A couple of weeks ago,
Yahoo said that it recently learned that Alibaba’s Alipay had transferred to a person completely sedentary Chinese. Alibaba says that he did so, Alipay in accordance with the law for a ban on foreign ownership to take a payment on-line businesses.
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The media are an in-depth work for the opacity of Yahoo/Alibaba/Alipay, so I’m going only to the situation in the shortest terms to summarize.Yahoo (SOFTBANK) is the owner of a large part of Alibaba, which in turn had Alipay. Alipay is the company of payment on-line, which means according to Chinese law, may have foreign ownership. A couple of weeks ago, Yahoo said that it recently learned that Alibaba’s Alipay had transferred to a person completely sedentary Chinese. Alibaba says that he did so, Alipay in accordance with the law for a ban on foreign ownership to take a payment on-line businesses. Read more
