YAHOO Will Withdraw From The Board Of Directors Of Ali Partner List For The First Time

The 27 helmsman of the P empire was finally surfaced.

Yesterday evening, < a href= "http://www.91se91.com/ >" Alibaba < /a > group updated IPO prospectus, for the first time disclosed 27 partners list of the company and 9 board members after the listing.

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< p > Alibaba partners dropped from 28 to 27, including 22 management group of Alibaba group (2 partners while serving as small and micro gold service management), as well as 4 other management teams of small and micro gold service management and 1 rookie networks.

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< p > list shows that 7 of Alibaba's 18 founders have entered the Alibaba partnership team. They are ma Yun, Cai Chongxin, Wu Yongming, Peng Lei, Dai Shan, Jin Jianhang and Jiang Fang; and before 2004, they entered the company, and the partners who were trained by the company were 9, including Lu Zhaoxi, Jiang Peng, Jiang Peng, ",", ",", ",", "" and "Cheng"; the remaining 11 entered the company after 2004, involving financial, legal, technical and other professional fields, including, ",", ",", "Fei,", "Timothy", "A.STEINERT", ",", "Wu,", ",", "and".

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Among the 27 P partners, nearly 1/5 were technical personnel, 9 were women, and 21 were "70 after" executives.

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< p > Alibaba shows in the prospectus that in addition to < a href= "http://www.91se91.com/" > Ma Yun < /a > and Cai Chongxin as permanent partners, the remaining partners will quit from Alibaba partners when they leave Alibaba group or affiliated company.

Every year, partners can nominate candidates for new partners. New partners need to meet more than five years' work in Alibaba or affiliated companies, with positive contributions and high identification with company culture.

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< p > prospectus also shows that the Alibaba group's board of directors will eventually consist of 9 members.

Alibaba partners Ma Yun (Chairman), Cai Chongxin (vice chairman), Lu Zhaoxi (CEO) and Zhang Yong (COO) as executive directors entered the board of directors; Ali major shareholder Japan Softbank nominated CEO Sun Zhengyi as non-executive director; YAHOO founder Yang Zhiyuan, former Hongkong chief executive Dong Jianhua, former Goldman Sachs vice chairman and senior accounting firm executive Michael Evans were independent non-executive directors.

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< p > it is noteworthy that YAHOO, another major shareholder of Alibaba, will withdraw from the board of directors after the official listing of Alibaba.

Prospectus shows that Alibaba partners have exclusive rights to nominate the majority of board members, but Ali has not fully exercised this right.

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< p > there is an analysis pointing out that the complex relationship between a href= "http://www.91se91.com/" > partner < /a > system and control rights has led to the Alibaba being questioned by the Hong Kong Stock Exchange and so on. The arrangement of the board of directors means Ali has the intention to refute this argument.

"There are 5 directors of non Ali partners, which shows Ali's open stance.

And the big shareholder YAHOO who loves hate interweaves from the board seat, to some extent, to ensure the consistency of the concept of board members.

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< p > in addition, the structure of the board of directors introduced by Ali is very interesting: Sun Zhengyi is a shareholder representative; Yang Zhiyuan is an important guide and witness of Ali's growth, and has a wide range of influence of science and technology; while Dong Jianhua's political background and influence of Chinese circles help Ali continue to grasp Hongkong and other Chinese markets; Guo Deming and Michael Evans can influence capital market and audit institutions respectively.

In addition, Alibaba has also disclosed the latest financial data, and highlights are still focused on wireless business.

In the 2014 fiscal year (up to the first quarter of this year), the total turnover of mobile goods reached 319 billion yuan, up 394% from the previous year.

In the first quarter of this year, Ali mobile terminal active users increased rapidly to 163 million, an increase of 19.9%.

The proportion of mobile pactions to total paction volume also increased from 10.7% in the same period last year to 27.4%.

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< p > converted into revenue, the income from wireless business increased by 691% in the first quarter compared with the same period last year, reaching 1 billion 162 million yuan, accounting for 12% of the revenue.

It is reported that the total revenue of Ali in the 2014 fiscal year reached 52 billion 504 million yuan, an increase of 52.1% over the same period last year, with a profit of 23 billion 403 million yuan, up 170.6% over the same period last year.

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