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Alibaba names partnership members in new IPO prospectus

16
Jun
2014

BEIJING (Reuters) – Chinese e-commerce giant Alibaba Group Holding revealed the members of its 28-person partnership in its updated initial public offering prospectus on Monday. The partnership, which includes founder Jack Ma, Executive Vice-Chairman Joseph Tsai and Chief Executive Officer Jonathan Lu, will have the exclusive right to nominate a majority of Alibabas nine-member board of directors. The updated filing gives potential investors more information about the operations of Chinas biggest e-commerce firm, whose initial prospectus, filed in May, was criticized for its lack of detail. …

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