SoftBank is one of the most important shareholders of Alibaba Group, the group's first public support for Ali's "partner management structure".
Yesterday evening, Alibaba Group Executive vice Chairman Tsai published a lengthy article on the partnership structure and IPO issues and the public to communicate. "We propose a partner's corporate governance mechanism that will enable Alibaba's partners---the core managers of the company's business, have greater strategic decision-making power, reduce short-term volatility in capital markets, and ensure long-term benefits for customers, companies and all shareholders," Tsai said.
He also stressed, "We hope that the future of the company is far beyond the longevity of any one of the founders, we are looking for a mechanism that can protect the company's sustainable development for 102 years." We firmly believe that in this constantly changing and subversive world, to maintain the company's innovative ability, culture and mission, is the key to success. Partnership is a creative way to keep the core interests of shareholders at the same time as "who we Are"--which we cannot and will not change.
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