By now, I guess everyone in the industry knows how much Alibaba wants to get rid of its major shareholder Yahoo. Today, there is not much help Yahoo can provide to Alibaba. Their relationship got worse after Carol Bartz became Yahoo’s CEO. Bartz’s American style of management alienate Alibaba. Jack Ma’s previous relationship with Jerry Yang no longer count.

I was talking to a friend a few days ago. He was a former senior executive in Alibaba. He told me about Alibaba’s plan.

Yahoo has about 40% of Alibaba Group. My friend said Alibaba hopes to get it back and sold 20% to eBay and another 20% to a bank in China. Alibaba’s e-payment solution, Alipay, is getting more established everyday. So, it wants to have a Chinese bank as shareholder. Otherwise, it might get into trouble with the government in the future.

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Sherman So

Author of Red Wired: China's Internet Revolution, the first book to completely survey the nature of China's internet. (http://redwiredrevolution.com/) She previously was the lead China technology reporter...