After Ali went public, Masayoshi Son of Japan Softbank Group became the largest shareholder with 32.4% shares, Yahoo with 16.3% shares, and Ma Yun and his partner team with 13% shares. The largest shareholder of Softbank Group is Standard Bank of South Africa, and the largest shareholder of Standard Bank of South Africa is Industrial and Commercial Bank of China (accounting for 60% of the shares).
However, the partner system is specified in the listing prospectus, and the partner team can nominate more than half of Alibaba's board members.
Alibaba (English: Alibaba? Company; NYSE (stock code "BABA") is the largest Internet company in China and the second largest in the world. It was founded by Jack Ma on 1999 and is a business-to-business online trading market platform.
In May 2003, Ma Yun invested 1 100 million yuan to establish a personal online trade market platform-Taobao. On June 5438+ 10, 2004, Alibaba invested and established Alipay Company to launch intermediary-based secure transaction services for China e-commerce market.