China’s richest man wants investors in Alibaba Group Holding Ltd. to know where they stand in its initial public offering -- and that may not be where they imagine.
“Customers first, employees second, and shareholders third,” Chairman Jack Ma wrote in a letter in Alibaba’s IPO filing last week valuing the company as high as $162.7 billion. “I can see that investors who hear this for the first time may find it a bit hard to understand.”
