Ma optimistic solution to the dispute over the ownership of Alipay

  Jack Ma, Alibaba Group Chairman and Chief Executive Officer, said he was optimistic to solve more than one online payment service Alipay ownership dispute with the Yahoo deal. Early last month, Yahoo, Alibaba's biggest stakeholders, said, Alipay, Alibaba's online payment platform, has been transferred to the ownership of Chinese companies owned by Alibaba Chairman Jack Ma of Alibaba mostly without the knowledge or the board of directors or shareholders, Approval, also includes Japan's Softbank said Jack Ma of Alibaba, Yahoo and Softbank are informed of the transfer of ownership, which is to comply with licensing requirements in China, and the need to ensure that it is in China's permission. Alipay, China's leading e-commerce giant online payment service is one of the payment transaction is granted permission from the people of China, China's central bank Bank Group, carry out the May 26, 2011 online payments. CEO Carol Bartz in the same Zhouya Hu assured the stock market, analysts said Yahoo would be "appropriate compensation " payment of the loss of its investment portfolio treasure. Currently, Yahoo has 43% of Alibaba shares, while 29.3% held by Softbank.

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