Ma Says Alibaba Is Talking to Softbank, Yahoo to Resolves Issue

June 01, 2011, 9:31 PM EDT By Mark Lee

June 2 (Bloomberg) -- Alibaba Group Holding Ltd. hopes to reach an agreement soon in talks with shareholders Yahoo! Inc. and Softbank Corp. regarding the spinoff of the Alipay online payment unit, Jack Ma, chief executive officer at the Chinese company, said at the AllThingsD conference.

To contact the reporter on this story: Mark Lee in Hong Kong at wlee37@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net

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