YAHOO! YOU'RE IN JAIL!

It's not really movie news, but...

Barely three months before buying a US$1 billion stake in China's largest e-commerce firm, Alibaba.com, it just came out that Yahoo! turned police informant, turning over emails from journalist Shi Tao's Yahoo account to the Chinese fuzz who sentenced Shi Tao to 10 years in prison for passing on the text of an internal Communist Party memo talking about fears of unrest on the 15th Anniversary of the Tiananmen Square protests.

Yahoo! won't turn over this kind of info in the US without a fight, but they say they have to abide by the laws of wherever they are. Especially if they want to buy a gargantuan stake in a gargantuan new market.

Read the allegations here.