According to China The Paper, Alibaba issued a statement today (7th) stating that Jack Ma has never transferred or withdrawn his shares in Taobao, and has no intention of doing so.
On January 4, industry and commerce data showed that Zhejiang Taobao Network Co., Ltd.’s shareholding structure changed. Alibaba founder Jack Ma and one of the co-founders, Xie Shihuang, changed to Hangzhou Zhenxi Investment Management Co., Ltd. as the sole shareholder.After equity penetration inquiries, the current actual controllers of Zhejiang Taobao Network Co., Ltd. are five Alibaba partners, namely Zhang Yong, CEO of Alibaba, Zhao Ying, general manager of the finance and customer funds department of Ant Financial Services Group, and Alibaba Group.Zheng Junfang, Chief Risk Officer, Tong Wenhong, Chairman of Cainiao Network, and Shao Xiaofeng, Party Secretary of Alibaba Group.
Ali’s latest statement stated that this is a very normal and common technical and legal operation in the management process of any company.Such adjustments will further promote the transparency and openness of Alibaba's management.There are only benefits and no harm to the future of the company.
Earlier in the day, Alibaba responded to reporters from The Paper that the information related to this adjustment had already been disclosed in the annual report in July 2018.Handing over the corresponding equity to the partners will ensure that the Alibaba partner system plays a role in corporate governance.This adjustment does not involve equity adjustments at the Alibaba Group level, nor does it affect the Alibaba partner mechanism.Ma Yun will still serve as a partner of Alibaba and continue to play an important role in the Alibaba partner mechanism.
