Considering Yahoo’s Alibaba brouhaha, should you be more cautious about putting money to work in emerging markets?

As you may know, Yahoo

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[YHOO  Loading...      ()   ] and Alibaba, China's largest e-commerce website, are at odds after Alibaba announced it had spun off Alipay, the company's online payment service.

Yahoo holds a 43 percent stake in Alibaba, and news of the spin-off caused its stock to fall, as investors fear it could weaken Yahoo's stake in Alibaba.

What lessons should investors take away from this Alibaba brouhaha?

"Partnering in emerging markets, especially in China is scary stuff," says emerging markets trader Tim Seymour. "I think the key point is know who the partner is," he says.

 

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CNBC.com with wires.