Why Yahoo is pretending

On the morning of May 14, at the shareholder meeting of Alibaba company in Hong Kong, http://www.aliyun.com/zixun/aggregation/7554.html "> Alibaba Group Chairman Ma Yun said that what is being done is absolutely legal, But the issue of Alipay is still under discussion, and it has not settled yet. "I have no confidence in Yahoo," he said. ”

"Someone suggested to me: ' You should not attend the shareholder meeting today, pay the things of Bao, Wei's things, you are not good." "Ma Yun to the Taiwan more than 300 shareholders without a taboo to say:" But I think the world has one thing is important, is to tell the truth, the wrong is wrong, right, and today is happy to explore a lot of shareholders are interested in issues. ”

The reason for the growing tension between Alibaba and Yahoo is that Alibaba, which has been transferring its stake to the country last year, is very dissatisfied with the statement, saying it was not notified until March this year, and Alibaba further pointed out that it had been discussed and confirmed at the board meeting held in July 2009.

Ma Yun said at the scene, from the central bank on the payment policy, "the board did not participate in the discussion, we must ensure the healthy development of the company." The issue of Alipay is still under discussion and we will not violate the interests of shareholders. Now it is the public's right to say that we have not said anything as a lady, because things have not settled yet. "The divergence between Yahoo and Alibaba continues as the change in Alipay ownership has been inward-funded," he said.

Yahoo faces widespread scepticism from US investors after the news that Alipay's ownership has all been transferred to a Chinese company. Until then, Alibaba Group's assets have been viewed as Yahoo's most successful investment and one of the current core values of the declining Internet company. Yahoo investors are hard to accept Alipay is no longer within the scope of Yahoo. So Yahoo is just know about Alipay equity change transactions?

Careful study of Yahoo and Alibaba's statement can be found, Yahoo stressed that "August 2010 transfer of Alipay ownership" of the deal was not notified by Alibaba Group board, Yahoo until March 31, 2011 to get the report on the deal. The announcement was widely interpreted as "the Alibaba Group's transfer of Alipay ownership to domestic companies has not been approved by Yahoo's board".

According to Alibaba Group's statement, "at the board meeting held in July 2009, the Alibaba Group board discussed and confirmed that Alipay's 70% stake has been transferred to an independent Chinese company." "By combining the two, one can easily find that Yahoo has apparently known for a change in Alipay's ownership as early as July 2009."

In the latest statement, Yahoo stressed that the latest deal was not informed and approved by Alibaba Group boards and shareholders, but that it was silent about a deal that had been informed and confirmed more than a year ago, apparently to mislead the public and create the mistaken impression that Alibaba Group is cheating shareholders. After Yahoo's announcement, angry investors questioned why Yahoo was informed of the latest deal on March 31 this year, but did not immediately or publicly inform shareholders on the April earnings call. In fact, investors should be more skeptical about why Yahoo has never previously disclosed Alipay 70% stake has been completed changes in the transaction.

Why does Yahoo play games that pretend not to know? The truth is also very simple, just want to pass the statement to make their own in the transfer of Alipay, Alipay equity transfer process benefits can be maximized.