Alibaba reveals 27-partner alliance
0 Comment(s)
Print
E-mail Shanghai Daily, June 17, 2014
Chinese e-commerce giant Alibaba Group Holding revealed the members of its 27-person partnership in an updated prospectus for its US share listing Monday.
The members, which include founder Jack Ma, Executive Vice Chairman Joseph Tsai and CEO Jonathan Lu, will have the exclusive right to nominate most of Alibaba's nine-member board of directors.
Alibaba also announced the composition of the nine-member board following the initial public offer.
Among the four independent directors who have been asked to join the board are former Hong Kong Chief Executive Tung Chee Hwa, Yahoo! Inc founder Jerry Yang and J. Michael Evans, former vice chairman of Goldman Sachs Group Inc.
The Alibaba Partnership comprises 22 members of management, four members of the company's Small and Micro Financial Services Co and one management member of China Smart Logistics.
The updated filing gives potential investors more information about the operations of China's biggest e-commerce firm, whose initial prospectus, filed in May, was criticized for its lack of detail.
Alibaba's profit almost tripled in the past year amid a 52 percent rise in revenue, according to the prospectus.
Profit in the year ended on March 31 soared to 23.1 billion yuan (US$3.7 billion) from 8.4 billion yuan in the year-earlier period, according to the filing. Its revenue jumped 52 percent to 52.5 billion yuan.
Its Taobao and Tmall units posted a 55.8 percent surge in combined transactions from a year earlier to 1.68 trillion yuan. Its consumer-to-consumer site Taobao still contributed most of the transaction value, or 70 percent of its total gross merchandise volume.
Here are a full list of the 27 partners (in alphabetical order by surname), according to Alibaba's filing to the U.S. securities regulator:
Li Cheng, Chief Architect, Small and Micro Financial Services Company
Trudy Shan Dai, Chief Customer Officer
Luyuan Fan, President, China Business, Small and Micro Financial Services Company
Simon Xiaoming Hu, Risk Manager, SME Loan Business; Chief Risk Officer, Small and Micro Financial Services Company
Fang Jiang, Vice President, Corporate Integrity and Human Resources
Peng Jiang, President, Alibaba Cloud Computing, Yun OS and Digital Entertainment; Deputy Chief Technology Officer
Jianhang Jin, Senior Vice President, Corporate Affairs
Eric Xiandong Jing, Chief Financial Officer, Small and Micro Financial Services Company
Zhenfei Liu, Vice President, Infrastructure Operations
Jonathan Zhaoxi Lu, Chief Executive Officer
Jack Yun Ma, Executive Chairman
Lucy Lei Peng, Chief People Officer, Alibaba Group; Chief Executive Officer, Small and Micro Financial Services Company
Sabrina Yijie Peng, Vice President, International, Small and Micro Financial Services Company
Xiaofeng Shao, Chief Risk Officer
Timothy A. Steinert, General Counsel and Corporate Secretary
Judy Wenhong Tong, Chief Operating Officer, China Smart Logistics
Joseph C. Tsai, Executive Vice Chairman
Jian Wang, Chief Technology Officer
Shuai Wang, Senior Vice President, China Corporate Communications and Marketing
Sophie Minzhi Wu, President, Alibaba.com and 1688.com
Maggie Wei Wu, Chief Financial Officer
Eddie Yongming Wu, Senior Vice President, Corporate Development
Sara Siying Yu, Associate General Counsel, China
Ming Zeng, Senior Vice President, Corporate Strategy
Jeff Jianfeng Zhang, President, Taobao Marketplace
Daniel Yong Zhang, Chief Operating Officer
Yu Zhang, Vice President, Corporate Development
Go to Forum >>0 Comment(s)