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Alibaba, Yahoo and Softbank Reach Deal over Alipay Spin-off

China’s largest E-commerce company Alibaba Group has settled its dispute with Yahoo and Softbank on the value of Alipay which was transferred by Jack Ma, CEO of Alibaba to an entity controlled by Mr. Ma.  The transfer was made for regulatory reasons, but without prior consultation of Yahoo and Softbank. The agreement establishes the following: The agreement preserves the existing ... Read More »

SOFTBANK INVESTS IN VIETNAMESE SEARCH ENGINE

Tokyo, 24th March: Softbank and IDG Venture Vietnam have announced that the two companies have agreed to invest an undisclosed sum in a Vietnamese search engine, Socbay, which is owned and operated by Naiscorp IT Service JS Company. This investment follows on a trend of increasing interest in the Vietnamese market from some key players in Asian B2B media.  Naiscorp ... Read More »