Hacker News new | ask | show | jobs
by adventured 4276 days ago
Alibaba spun off Alipay. How does the Alibaba IPO demonstrate spinning off PayPal is a stupid idea exactly?
1 comments
rebelidealist 4276 days ago
Alibaba spun off Alipay because Jack Ma wanted to control Alipay instead of the Alibaba majority stakeholder such as Yahoo and Softbank. It was an uncontested power move by Ma.
link
rebelidealist 4276 days ago
Sorry, I don't know why my comment was posted 3 times...
link