The story appears on

Page A15

June 23, 2011

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » IT

AliPay 'progress'

ALIBABA Group, China's largest e-commerce company, yesterday said it has made "substantive progress" with major shareholders Yahoo! Inc and Softbank Corp over a dispute about the transfer of AliPay, the group's online payment unit.

"Our objective is to reach an agreement in a timely manner that serves the interests of all stakeholders," the three parties said in a joint e-mailed statement yesterday.

Alibaba transferred AliPay to secure a third-party payment license.
IT



 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend