Alibaba to reveal names of 28 major shareholders

MM

Melisande Mual

17 Jun 2014 / 5 Min Read

According to the company’s bylaws, the partners will keep an iron grip over the company after its IPO because they hold the power to nominate directors to a majority of Alibaba’s board seats.

Alibaba, which powers 80% of all online commerce in China, is expected to raise more than USD 15 billion for 2014.

The personal stakes of only two partners have been disclosed in filings so far: lead founder Jack Ma, who owns 8.9% of Alibaba, while Joseph Tsai, co-founder and executive vice-chairman, is the only other individual with a disclosed stake of 3.6%. Yahoo and SoftBank own 22.6% and 34.4% of Alibaba, respectively.

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MM

Melisande Mual

17 Jun 2014 / 5 Min Read

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