GREATER CHINA DAYBOOK: Alibaba, Yahoo Dispute; Pork Prices Rise
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Alibaba Group Holding Ltd. Chairman Jack Ma said the spinoff of the Alipay online payment business is “lawful” and “transparent,” after largest shareholder Yahoo! Inc. claimed it wasn’t consulted on the transfer.
Alibaba said it and its biggest shareholders, Yahoo and Softbank Corp., are “engaged in and committed to” resolving issues related to Alipay.