bcaulfield writes to tell us Zhou Hongyi has filed a 3.6 million yuan ($450,000) defamation suit against Yahoo China. Hongyi, the former president of Yahoo China, filed his suit in response to comments made in a recent Yahoo press conference accusing him of unethical business practices. From the article: "A rift between Mr. Zhou and Yahoo China has been developing since before his departure from Yahoo last year, just prior to Alibaba's takeover of Yahoo's China operations. Mr. Zhou doled out generous bonuses to Yahoo employees in a ploy his detractors derided as a naked purchase of loyalties. Mr. Zhou defended the disbursements. 'Many of these people were longtime Yahoo employees, and they were under no obligation to follow me,' he said. 'It was my money to do with as I wanted.'" Update 08/20/2006 15:01 GMT by SM: Corrected the currency for the suit.
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