Yahoo Discloses Alipay Stake Restructuring

Yahoo Inc. disclosed that China’s Alibaba Group has transferred ownership of its online-payments company to a new entity controlled by Alibaba Chief Executive Jack Ma.

Alibaba Group’s management and principal shareholders, Yahoo and Softbank Corp. are “engaged in ongoing discussions regarding the terms of the restructuring” related to the online payment business, dubbed Alipay, according to a filing Tuesday with the U.S. Securities and Exchanges Commission.

The restructuring is necessary to expedite obtaining an “essential” regulatory license, Yahoo said in the filing. Yahoo wasn’t immediately available for further comment.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »