"Partnership" System and Road to an IPO: Alibaba’s Strategic Decision-Making
Product Number：
EN_2020KJYGSCW_4606
Page Views：
285
CaseName：
"Partnership" System and Road to an IPO: Alibaba’s Strategic Decision-Making
Authors：
Song Jianbo, Wen Wen, Zhang Haiqing
Author Affiliation：
Renmin University of China
Enterprise/Organization：
Alibaba Group
Industry：
Information Technology
Discipline：
Accounting & Corporate Finance
Scale：
Large
Language：
English
Type of Case：
Descriptive Case
KeyWords：
partnership; initial public offering; corporate governance; Alibaba
Abstract：
After long-running battles for control over the Group, Alibaba Group Holding Limited (hereinafter referred to as Alibaba or the Group), headed by Jack Ma, finally introduces a “Partnership” system which allows its founding partners and senior executives to appoint the Group’s directors. However, in its Initial Public Offering (IPO) process, this system has been repeatedly challenged by supervising authorities. Does this “Partnership” help maintain the stability of the Group and promote long-term profit maximization for its shareholders? Or does it hurt the interests of small investors? Faced with various difficulties and challenges along its road to an IPO, Alibaba’s top management is contemplating how to defend its institutional innovation.
Intended Audience：
Undergraduate,EE,MBA,EMBA
Data Source：
Secondary
Publication Date：
2017
Revision Date：
2020
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