Klug also explains that stars, especially those in the music business, have been hard hit over the past five years due to dramatic changes in payment methods and royalty structures.
The Alibaba Group board discussed at numerous Board meetings over the past three years the impending imposition of new regulatory requirements on the online payment industry, including ownership structures, as they were being developed in China, and was told in a July 2009 board meeting that majority shareholding in Alipay had been transferred into Chinese ownership.