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No doubt they are huge. I've bought stuff from them because even after shipping it was cheaper than buying in the US, and now here in Ecuador that trend will definitely continue.
Summary:
- Jack Ma transferred Alipay into an external entity that is almost 50% owned by him and out of the control of Alibaba.
- Alibaba agreed to compensate its partners/co-shareholders Softbank and Yahoo in the occurrence of a liquidity event for Alipay.
- As IPO Nears, Alibaba in Talks With Spinoff About Reacquiring a Stake in Alipay.
Yahoo need to up their game if they're to seriously compete with GOOG, I think this cash is going to be re-utilised quickly, interested in seeing what they have in mind.
