China Cutting into Microsoft's Bid for Yahoo?

According to Zaobao.com, Beijing is looking to intervene into Microsoft's acquisition of Yahoo by asking Chinese online e-commerce service provider Alibaba to provide detailed information on the acquisition and by keeping a close watch on the process of the acquisition as well as its possible influence on Alibaba and its impact on the Chinese internet market.

Red Hottest rumor coming out of China is that the Chinese government is intruding into Microsoft's  bid for Yahoo by requesting Alibaba, China's e-commerce giant, to proffer information on the potential acquisition's impact on Alibaba and to exert some influence on the possible acquisition. Yahoo is a significant shareholder of Alibaba, and the rumor is that the Chinese government has contacted Alibaba in the hope of knowing about the influence of Microsoft's acquisition of Yahoo on Alibaba.

Chinese government types are not keen on a having a foreign company potentially controlling or influencing the Great Firewall of China, hand on the till of filtering content, so they are concerned about maintaining local management control of Alibaba.  But, the government may have to stay on the bench until the playing pitch is changed as a result of China's Anti-monopolization Law not taking effect until August 1, 2008. Until then the Chinese government is powerless if Microsoft is able to execute the purchase before then.

Another blame China brewing in the winds?

You, there. What do you think...is the Chinese government really that keen about the acquisition of Yahoo by Microsoft? Are they that paranoid, do they really have a chance, or is this just the usual "stir the drink about China" to get some coverage? Comments are readily appreciated!