Wednesday, June 10, 2015

In ‘Another Life,’ Jack Ma Says He’d Forgo Alibaba’s IPO - Digits - WSJ

Some IPO regrets; also see Jack Ma Insists Alibaba Doesn’t Want to Take on Amazon and eBay in U.S. (Re/code) and Is Jack Ma running for US president? (Quartz)
"But the Chinese Internet billionaire lamented the baggage that demanding shareholders added when his company listed in the U.S. He also criticized the influence of independent directors in American corporate culture, complaining that some board members often end up acting like lawyers only interested in second-guessing their colleagues.

Asked why the company listed on in New York in the first place, Ma was blunt.

“We were rejected by Hong Kong,” he said."
In ‘Another Life,’ Jack Ma Says He’d Forgo Alibaba’s IPO - Digits - WSJ
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