Ron Burgundy Posted June 17, 2014 Share Posted June 17, 2014 By Paul Carsten and Matthew Miller BEIJING (Reuters) - Alibaba Group Holding IPO-ALIB.N revealed the members of its powerful 27-person partnership and board on Monday, while disclosing that the Chinese e-commerce giant's growth has slowed from the red-hot pace of recent quarters. In an updated prospectus for what could be the largest tech IPO in history, Alibaba said the partnership includes founder Jack Ma, Executive Vice Chairman Joseph Tsai and Chief Executive Officer Jonathan Lu. The group has the exclusive right to nominate a majority of Alibaba's nine-member board, effectively ensuring control of the company rests in the hands of insiders. Among four independent directors asked to join a post-IPO board were former Hong Kong Chief Executive Tung Chee Hwa, Yahoo Inc YHOO.O founder Jerry Yang, and J. Michael Evans, former vice chairman of Goldman Sachs Group Inc GS.N. Alibaba is expected to eclipse Facebook Inc's FB.O $15 billion initial share sale in 2012 when it debuts late this summer. View the full article Quote Link to comment Share on other sites More sharing options...
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