Jack Ma is a tough and creepy guy, if you don't fight with him, he would not show any respect to you.
1. Yahoo should fill the second board seat immediately, then Yahoo would have two board seats, SoftBank has one, Alibaba management has two seats.
2. Since Yahoo and SoftBank now are on the same boat, Jack Ma stole Alipay from both, Yahoo should work closely with SoftBank, hold a meeting with Son and Jerry Yang to discuss this matter. Yahoo and SoftBank together controls three board seats which is more than Alibaba management's two seats and 75% shares of Alibaba so Yahoo + SoftBank has the full voting power to control Alibaba.
3. Alipay transfer was illegal and license is just an stealing excuse. Yahoo and SoftBank should use three board seats and 75% voting powers to do below things:
1)Negociate with Jack Ma, let Alibaba still control Alipay through VIE like Tencent is doing right now with Ten Pay, in this way, Alipay won't lose the license like Ten Pay.
This is the best result.
2)If Jack Ma insist to steal Alipay, cancel Alipay transfer since it was illegal and let Alibaba still control Alipay through VIE like Tencent is doing right now with Ten Pay, in this way, Alipay won't lose the license like Ten Pay either.
Fire Jack Ma and hire a better person. Push Taobao and Alipay to public using three board seats and 75% voting power.
3)If in this case Alipay lose the license because of the VIE control, Ten Pay will lose the license too, a lot of other online payment company will lose the license too, US government wants to push China to open its financial market anyway, US government will negociate with Chinese government to let Alipay still has the license.
4)Alibaba is the life of Jack Ma, I don't think he would risk losing everything including Alipay and Taobao and then go to jail. He is just a greedy, creepy, snaky little guy, money is all of his dream, he would compromise for sure if Yahoo and SoftBank stand their grounds firm.
5)At least, it's not up to Mr. Jack Ma to decide when should Alipay and Taobao go to public since he had lost his control six years ago now he is just trying to steal. Also it's not up to Mr. Jack Ma whom Alipay belong to, it belongs to Alibaba not himself. He was the thief and criminal who should go to jail instead of giving speach in public saying Yahoo should split.
6)Yahoo could also sell 39% Alibaba to someone who is tough enough to deal with Mr. Jack Ma, say its competitor Ebay or Baidu to release some of the value of Alibaba.
Yahoo could also sell 35% Yahoo Japen to release some of its value to its shareholder, selling these two parts would increase Yahoo assets to at least $10 per share, Yahoo should worth at least $23 - $25.
I don't see a reason why Yahoo and SoftBank should let Jack Ma get his way, he has nothing except the courage to steal and commit crime.
Yahoo's manangement is too weak. Look at what Son did!
Even Ma thought Yahoo is easy to deal with. Yahoo's management should stand up and fire the theft; other than that, there is nothing to be negotiated about.
Rate my post if you like it, we should let more people to know this truth and let Yahoo management know.
Jack Ma is just a thief and criminal who should go to jail now instead of giving speach publicly.
Alipay won't lose the license even Yahoo and SoftBank control Alipay through VIE like Tencent did to Ten Pay.
How ironic that Jack Ma is talking about building trust and credit in China and obeying the law on D9, he is breaking the law in public without any shame. Nobody should trust him anymore, his career is over! Yahoo and SoftBank should fire him now and get back Alipay and Taobao and push both to IPO.
Who invited him to D9?
What a joke.