Yahoo and Alibaba issued a joint statement Sunday addressing the ownership of Alipay, Alibaba's payment service. It aims to squash the controversy around Yahoo's decision to wait before announcing the
changes. Yahoo filed paperwork to the U.S. Securities and Exchange Commission, which explains that ownership of Alipay has been shifted to a Chinese company owned mostly by Alibaba chief executive
Jack Ma, according to
The Economic Times.Read the whole story at The Economic Times »
