Has almost become the most popular Wall Street executive in the world.

Tsai is not even Alibaba Group CEO, but he has almost become the world's most popular Wall Street executives, behind the most crucial reason: He holds the decision of Alibaba IPO, the Chinese E-commerce Giant's IPO, it is likely the biggest IPO in the era.

In front of Amazon, Alibaba seems to be a giant with limitless potential. According to survey data from the US research firm's Retail Network group, the total sales of Taobao and cat goods in 2012 amounted to more than 1 trillion yuan (about 160 billion U.S. dollars), while Amazon sold 86 billion U.S. dollars.

Its listing will be valued at more than $150 billion trillion, surpassing the value of Facebook or Google's IPO. For Wall Street, Lucky Underwriters will get a hefty billions of dollar underwriting.

Tsai, a Home-grown "Taiwanese tightly", a former New York state professional lawyer, graduated from Yale University. He is not the Alibaba Group's more famous founder Ma Yun, but because of following the boss to prepare for the listing of major decisions, and make the name "Cai-Shun" to fame in the investment banking elite Circle.

Tsai, the executive vice president of Alibaba Group, said in a rare interview that "it's great to have people say they like you and want to talk to you." "But he tried to downplay the feeling that the listing was a milestone, but the company continues to develop and there are many things outside the market." ”

Alibaba Group's listing is seen as a key turning point in China's Home-grown innovation, which may also herald a wave of new concerns about other Chinese technology companies, such as Tencent.

Looking at Alibaba's scale, in the "double 11" This huge network carnival day, there are more than 300 million people browsing Alibaba's website page, a total of about 158 million express packages delivered smoothly.

The success of Alibaba Group's future listing is not only crucial to Alibaba's fortunes, but it is also self-evident to Yahoo and its chief executive, Marissa Mayer. Yahoo, which currently holds a 24% per cent stake in Alibaba Group, climbed 107% per cent last year, largely because of the ripple effects of Alibaba's soaring valuations.

The listing is also very important for Tsai, whose stake in the company has made it nearly 2 billion dollars.

Ma Yun invited Tsai to join the company for the first time in 1999 years. This is quite a long time, Ma Yun asked Tsai, "I can only afford your monthly salary of 50 dollars, you would like to do with me?" ”

"But I didn't think," Mr. Ma recalls the interview, "I was very surprised when he said he still wanted to join us." ”

Tsai, who became a partner of the US Sullivanklenwil law firm in the early 90, was a private equity investor and worked with a Swedish investment company this month. At that time, Ma Yun invited him to consider joining Alibaba to work.

"We stayed in Silicon Valley for one weeks and were rejected by all venture capitalists," he said. I asked him, ' Do you still want to join us? ’”

Mr. Ma revealed that Chua's wife had been pregnant and asked if she would go to Hangzhou to see the company before her husband gave him a reply. Tsai's wife and Ma Yun said, "I would like to see it for myself because I think my husband is crazy!" If I acquiesce to him, then I also crazy, but if I do not agree, he will hate me all my life. ”

This is a lifetime lottery betting! In Mr Ma's eyes, Tsai is a detail-oriented person who can help deal with a range of transactions until the company becomes the master of the industry.

Mr Ma told Outsiders about their partnership: "We are two very different people." I am a special grassroots, but he is educated and well-trained, disciplined and very intelligent. ”

Tsai said he left law firms to pursue investment and entrepreneurship, inspired by a meeting with Goldman Sachs bankers, who still worked for Sullivanklenwil.

"I went to a meeting where Goldman was looking for an offshore partnership," Tsai explained. Because of the tax problem, it must be built on Caimas, Is..

Tsai said Goldman bankers were told that they needed a person in Caimas, Is. to actually do the trading. At this moment, "a young man standing in a corner, leaning a little on the chair, as if to say, ' Yes, I think I'm going to move to Caimas, Is. to carry out the deal." ' He looked 98 years old, and I was almost that age. At this point, the lead lawyer said, ' We need someone at a higher level to participate. ’”

Cai sighed and said, "but that person seems to be saying, ' I am a partner, ' but this is just a 27-year-old young man." This thing hit me a lot. ”

Goldman, of course, will now throw an olive branch on him, but part of Tsai's job is to maintain the image of the company's listing and to ensure that its culture is not distorted by rumors.

"Each employee's personal financial income is closely related to the company, and it is clear that everyone is thinking about the math problem, ' I have so many shares." "Nothing makes me happier than seeing my staff raise personal income," Tsai said. This is the result of their daily work and hard work. On the negative side, people are beginning to become complacent. ”

He also tried to bring together all the bankers, when he helped Alibaba, the company, a few years ago, say, "I told the bankers, ' you all need to work together." ' I don't want an IPO to get bankers to fight against each other, of course it's easy for them to do. The second is to not interrupt the business because we don't want people to get lost in the IPO. ”

It is not clear how long the Alibaba Group will be listed. Tsai said that for most of 2013, the company had pressed the button on the IPO, so the listing would not be as fast as people expected in the year. "We didn't make any progress on the formal occasion," Tsai said, and that the so-called speculation could continue to be played by banks and exchanges.

One reason for the delay was that last fall the HKEx vetoed plans to list Alibaba because the HKEx rules prohibit the company's partner structure, allowing minority shareholders to master the company. And Alibaba's founders want to keep their grip on the company, and the structure they are proposing is unusual in Hong Kong, and it is also a way to emulate rivals such as Google and Facebook, which remain in the hands of the founders after the company's listing.

The rejected deal has become a new bright spot for international exchanges.

Tsai that the HKEx board's refusal to go public was a "moral" argument, saying the structure offered by Alibaba was not democratic enough.

"There is nothing more commercialized than listing, and it's not the right time or place to really talk about morality." "We're just asking that there be an architecture that allows the company's group of managers--we call them partners--to have a higher level of influence on the board," Tsai said. ”

In the United States, though, some investors have taken a critical stance on such a special-equity structure, but the structure is still the norm.

Tsai said his biggest concern was the judgment of Hong Kong as it lagged behind the rest of the world, so its implications for the future might be self-evident.

"I think the whole of Hong Kong really needs to rethink its economy and focus on technology and other new issues," he said. ”

At the moment, Tsai smiled and denied all the potential hype around it. "Nobody is really obsessed with listing," he said. ”

But we all know that this game is not over ...