Alibaba’s Jack Ma Says Partnership Best Way to Protect Business
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Alibaba Group Holding Ltd. founder Jack Ma said a partnership system is the best way to protect the company’s value, and it is “not concerned” about where to hold potentially the largest initial share sale since Facebook Inc.
Ma said in an e-mail provided to Bloomberg News that the current 28 partners are most likely to create value for customers, employees and shareholders. The partnership system “is not a mere profit sharing mechanism, nor is it a vehicle of power to exert greater control over the company,” he said.