[Reuters] Yahoo, Alibaba, Softbank say making progress on Alipay

Posted by: UGN Security

[Reuters] Yahoo, Alibaba, Softbank say making progress on Alipay - 06/22/11 06:00 AM

SHANGHAI (Reuters) - Yahoo Inc, China's Alibaba Group and Japan's Softbank Corp said on Wednesday they have made "substantive and encouraging progress" toward an agreement over the ownership of the Chinese company's Alipay e-payment unit.