[P2P-F] Fwd: Yahoo Discloses Jack Ma Takes Control Of Alipay From Alibaba

[Michel Bauwens]

---------- Forwarded message ----------
From: Tom Crowl <culturalengineer at gmail.com>
Date: Fri, May 13, 2011 at 9:11 PM
Subject: Yahoo Discloses Jack Ma Takes Control Of Alipay From Alibaba
To:


*RE: Online PaySystems, information ownership and human rights*

*Yahoo Discloses Jack Ma Takes Control Of Alipay From
Alibaba*<http://blogs.forbes.com/ericsavitz/2011/05/11/yahoo-discloses-jack-ma-takes-control-of-alipay-from-alibaba/>

>From the piece:

*“To expedite obtaining an essential regulatory license, (from Chinese
government) the ownership of Alibaba Group’s online payment business,
Alipay, was restructured so that 100 percent of its outstanding shares are
held by a Chinese domestic company which is majority owned by Alibaba
Group’s chief executive officer…”*

*“Alipay is the largest online platform in the world in terms of registered
users, transactions and total payment volume; he’s been estimating the
company’s value at $2 billion. The company has 550 million registered users,
compared with 94.4 million for for PayPal at the end of 2010.”*

----------------------------------------

While the article narrowly focuses on the potential effect on Yahoo
revenues…

For me the concern is how willing narrow interests are to place such a
system under indirect control of those without a great deal of concern for
human rights.

Don’t neglect the PaySystem landscape as economic interaction goes global!…
and its relationship to human advancement. Precedents and patterns are being
set which may be very difficult to dislodge.

*Leveling The Transaction Landscape: Technology and the
Campfire<http://culturalengineer.blogspot.com/2011/04/leveling-transaction-landscape.html>
*

Regards,


*Tom Crowl*
(818) 363-0775
http://CulturalEngineer.blogspot.com




-- 
P2P Foundation: http://p2pfoundation.net  - http://blog.p2pfoundation.net

Connect: http://p2pfoundation.ning.com; Discuss:
http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation

Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens;
http://twitter.com/mbauwens; http://www.facebook.com/mbauwens
-------------- next part --------------
An HTML attachment was scrubbed...
URL: https://lists.ourproject.org/pipermail/p2p-foundation/attachments/20110603/032c9c33/attachment.htm