Bussard Ramjet
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I was very surprised to find this out, but Alibaba is actually very significantly owned by foreigners.
Rather, the biggest shareholder with a third of the company ownership is Japan's Softbank. Softbank lists Alibaba as its subsidiary. The second largest share holder is Yahoo. The third being Jack Ma with around 6 % of shares.
While I expected Jack Ma to own approx. that much of the company, I was surprised that the majority share holders, and hence the board members are Japanese.
Alibaba's board is essentially ruled by Yahoo and Softbank, which have almost 50% ownership of the company, and can together make any decision and control the company.
I'm surprised, China is allowing such a behemoth to be foreign owned.
What do you guys say?
@Yizhi @AndrewJin @Shotgunner51 @Edison Chen
Rather, the biggest shareholder with a third of the company ownership is Japan's Softbank. Softbank lists Alibaba as its subsidiary. The second largest share holder is Yahoo. The third being Jack Ma with around 6 % of shares.
While I expected Jack Ma to own approx. that much of the company, I was surprised that the majority share holders, and hence the board members are Japanese.
Alibaba's board is essentially ruled by Yahoo and Softbank, which have almost 50% ownership of the company, and can together make any decision and control the company.
I'm surprised, China is allowing such a behemoth to be foreign owned.
What do you guys say?
@Yizhi @AndrewJin @Shotgunner51 @Edison Chen