Alibaba seeking partner-led board ahead of HK IPO: paper

Posted on August 23, 2013

An employee walks past a logo of Alibaba (China) Technology Co. Ltd during a media tour organised by government officials at its headquarters on the outskirts of HangzhouHONG KONG (Reuters) – Alibaba Group is planning a management structure that would allow its partners to nominate the board and retain control over decision-making after it goes public, the Hong Kong Economic Times (HKET) daily reported on Friday. The Chinese e-commerce firm is widely expected to launch an initial public offering worth more than $ 15 billion by the end of the year, with Hong Kong tipped as the likely venue. The HKET report cited sources familiar with Alibaba's thinking and gave no further details. …


Full Story Via Tech News Headlines – Yahoo! News

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