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Article

25 May 2006

Author:
Bruce Einhorn, BusinessWeek

Amnesty Intl. Sees Red over Yahoo China

The human rights group [Amnesty International] has purchased shares in Yahoo "so we can have a say in the company's human rights policy," [Amnesty official Anthony] Cruz says...that at the Yahoo meeting he'll call on the company to take action to win the release of political prisoners in China...Yahoo no longer owns Yahoo China, having sold the company last year to Chinese e-commerce specialist Alibaba. However, Yahoo now owns 40% of Alibaba...Yahoo has one seat on the Alibaba board, with Japanese Internet powerhouse Softbank (SFTBF) holding another, and Alibaba itself holding the remaining two...Porter Erisman, an Alibaba spokesman...[said] "If [Yahoo's critics] see what is really happening on the ground in China and the amount of openness and social liberties being created by the Internet, they would realize that pursuing profits and helping China become more open are not mutually exclusive," he says. "What we see on the ground every day is that China is changing very quickly." [also refers to Google]