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Joint Statement from Alibaba Group and Yahoo! Inc. Regarding Alipay

Published: 15 May 2011 19:07:54 PST

Sunnyvale, California and HONG KONG – May 15, 2011 -- Yahoo! Inc. (NASDAQ: YHOO) and Alibaba Group issued the following statement regarding Alipay:


“Alibaba Group, and its major stockholders Yahoo! Inc. and Softbank Corporation, are engaged in and committed to productive negotiations to resolve the outstanding issues related to Alipay in a manner that serves the interests of all shareholders as soon as possible.”


About Alibaba Group

Alibaba Group is a global e-commerce leader and the largest e-commerce company in China. Since it was founded in 1999, Alibaba Group has grown to include the following core businesses: (HKSE: 1688; 1688.HK), Alibaba Group's flagship company and the world's leading B2B e-commerce company; Taobao, China's largest online retail website and a one-stop platform for shopping, socializing and information sharing; Alibaba Cloud Computing, a developer of advanced data-centric cloud computing services; and China Yahoo!, one of China's leading Internet portals.


About Yahoo!

Yahoo! (NASDAQ:YHOO) is the premier digital media company, creating deeply personal digital experiences that keep more than half a billion people connected to what matters most to them, across devices and around the globe. And Yahoo!’s unique combination of Science + Art + Scale connects advertisers to the consumers who build their businesses. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the pressroom ( or the company’s blog, Yodel Anecdotal ( 


Yahoo! is the trademark and/or registered trademark of Yahoo! Inc.

All other names are trademarks and/or registered trademarks of their respective owners.





Alibaba Group Contact Information

John W. Spelich

+852 2215 5129


Yahoo! Contact Information

Media Contact:

Dana Lengkeek



Investor Contact:

Cathy La Rocca


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