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Alibaba Group, Yahoo!, and SoftBank Reach Agreement on Alipay

*Alibaba Group will Participate in the Ongoing Value of Alipay*

HONG KONG & TOKYO & SUNNYVALE, Calif.-– Alibaba Group, Yahoo!, and SoftBank today announced they have reached an agreement in which Alibaba Group will continue to participate in Alipay’s future financial performance, including a future IPO or other liquidity event. The agreement is consistent with the two agreed-upon principles established at the outset of the negotiations: structure the inter-company relationship between Alipay and Taobao in order to preserve the value within Taobao and, by extension, within Alibaba Group; and provide that Alibaba Group is appropriately compensated for the value of Alipay. (more…)

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