Joint Statement from Alibaba Group and Yahoo! Inc. Regarding Alipay
SUNNYVALE, Calif. & HONG KONG--(BUSINESS WIRE)--
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: Alibaba.com (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 (pressroom.yahoo.com)
or the company's blog, Yodel Anecdotal (yodel.yahoo.com).
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
John W. Spelich, +852 2215 5129
johnspelich@hk.alibaba-inc.com
or
Yahoo!
Media
Contact:
Dana Lengkeek, 415-994-4008
danal@yahoo-inc.com
Investor
Contact:
Cathy La Rocca, 408-349-5188
cathy@yahoo-inc.com
Source: Yahoo! Inc.
News Provided by Acquire Media
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