Posts tagged as: alibaba group

Yahoo says it will pay back most of the proceeds to shareholders

Yahoo, Inc. announced that it will pay back 85 percent of the proceeds from $7.6 billion sale of half its stake in China’s Alibaba Group. The company released the statement on Tuesday after finalizing the deal. A few months ago the company said that it might pay back all of the proceeds but tracked back […]

PayPal still waiting for approval on domestic payment service license from Chinese central bank

eBay owned PayPal stated Thursday that it is still waiting for a reply from Chinese central bank, People’s Bank of China, on the request filed for online payment services license in the country’s domestic market. According to the company, the application was filed a year earlier and is still in approval process. They say they […]


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