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Longwei Petroleum Investment Holding Limited Message Board

  • sino902 sino902 May 14, 2011 4:34 PM Flag

    Yahoo/Alibaba robbery via China Daily


    Here is the official line from China Daily. The official mouthpiece of the criminal gang that runs China.

    They took AliPay because they could.

    Yahoo investors were relieved of billions of dollars and the thugs in Beijing could not be happier because THEY will get a piece of the booty.

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    • You are so full of from your own article even Goldman Sach's said their view of Yahoo's value doesn't change. Try again:

      "Details of the transfer were not disclosed. Yahoo said Alibaba's management is still negotiating the economic terms of the restructuring with its principal shareholders, Yahoo and Softbank Corp, over the transfer of Alipay ownership.

      Analysts said they do not expect Yahoo to lose ownership of Alibaba's other subsidiaries, especially, China's largest online retail site by sales.

      "Yahoo will definitely not let go of the interests already in its hands," said Hu Yanping, general manager of the Beijing-based research company Data Center of China Internet.

      For other subsidiaries of Alibaba such as, Hu said the online retailer will not face similar regulations.

      Taobao is one of Alibaba's most valuable assets because it occupies more than 70 percent of China's online shopping market.

      The extent of Yahoo's stake in is not known.

      This is crucial for Yahoo in Asia's Internet market, said Tang Mingjun, an analyst with Shenyin & Wanguo Securities Co Ltd.

      Goldman Sachs Group Inc said that the transfer does not directly change its view of the value of Yahoo. It rated Yahoo as "neutral".

      Goldman Sachs said in a research note that "the acquiring entity will ultimately compensate Yahoo and Softbank in some fashion"."

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