Funny you brought the 40% up. The Chinese government doesn't like foreign investors controlling financial companies in China. So Alibaba spun off its Alipay ser

Funny you brought the 40% up. The Chinese government doesn't like foreign investors controlling financial companies in China. So Alibaba spun off its Alipay service into a separate company, without the approval of investors. Yahoo wasn't pleased and sole about 15% of their shares.