Perspectives
Alibaba Group Holding Ltd. Chairman Jack Ma said negotiations with Yahoo! Inc. and Softbank Corp. (9984) over the spinoff of the Alipay unit will result in the payment of a “very large” compensation for the two shareholders, China Entrepreneur magazine reported, citing an interview with Ma.
Ma said he will ensure Yahoo and Softbank are compensated now and in the future for Alibaba’s loss of Alipay, according to the magazine. The executive faces pressure from the U.S. government and the media to resolve the issue, according to the Chinese-language report.