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NEW YORK (Reuters) – China's Alibaba Group said it told its commission in July 2009 that it had transferred control of its online e-commerce playing to Chief Executive Jack Ma, rejecting allegations by field investor character Inc (YHOO.O) that it had been blindsided by the deal.

Yahoo, which owns 43 proportionality of Alibaba Group and holds a commission seat, said on Thursday that it had not been conversant of the care until March 2011.

The transfer had occurred "without the noesis or support of the Alibaba Group commission of directors or shareholders," character said.

Yahoo shares were downbound 5.6 proportionality in primeval trade.

Yahoo disclosed in a regulatory filing on weekday that Ma had taken flooded control of Alipay, a Asiatic assist similar to PayPal. character shares fell as such as 9.8 proportionality in reaction.

Alibaba directors were "told in a July 2009 commission gathering that majority shareholding in Alipay had been transferred into Asiatic ownership," Alibaba Group spokesman John Spelich said in a evidence on Friday.

Alibaba has prefabricated it country that it wants to acquire backwards Yahoo's wager in the company.

Yahoo's continent assets, which include a 35 proportionality wager in character Japan (4689.T), represent at small half of Yahoo's market value, according to some analyst estimates.

Yahoo Chief Executive Carol Bartz told Reuters in September that Alibaba "constantly" approaches character about repurchasing its wager but said character had no plans to sell it.

Yahoo's Jerry Yang is a commission member of Alibaba Group.

Yahoo shares were downbound 5.6 proportionality at $16.20 in primeval trading on Friday.

(Reporting by Jennifer island in New York and Aditi Sharma in Bangalore)

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