Ants listed will make 19 billionaires! Ma Yun fortune will be among the top ten in the world

 Ants listed will make 19 billionaires! Ma Yun fortune will be among the top ten in the world

The combined shares of these billionaires, most of whom are Alibaba partners, are worth $57.9 billion. Alibaba partners, an elite group of 36 people, was founded 10 years ago to encourage internal cooperation and, most importantly, to determine the annual bonus for all management members.

Alibaba is the largest shareholder of ant group, with a 33% stake. The remaining shares belong to 29 other shareholders, including those who have invested in ant group for many years. According to the prospectus, Ma Yun is the ultimate controller of ant group.

According to the prospectus, Jun Han holds 30% of ant groups shares, worth $67.2 billion, while junao owns 21% of ant groups shares, worth $46.5 billion. Ma Yun, Jing Xiandong, Hu Xiaoming, CEO of ant group and Jiang Fang, non-executive director, hold shares of Junhan and junao through Hangzhou yunplatinum Investment Consulting Co., Ltd.

Stephen Chan, a partner at dechertllp, a Hong Kong based law firm that specializes in corporate finance, said the limited partnership structure allows the general partner, the YUNPU controlled by Mr. Ma, to exercise full voting rights, regardless of the number of limited partners.

According to the IPO prospectus and previous Alibaba filings, Ma Yuns shareholding ratio dropped to no more than 8.8%, and promised to donate 611 million shares of ant groups economic interests to charity.

Many technology start-ups use stock incentive to attract employees. When the company completes IPO successfully, stock incentive will become profitable. According to ant groups prospectus, since March 2014, Jun Han has issued stock awards linked to ant groups valuation to its employees, which is not only used to reward outstanding employees, but also some newly recruited employees.

Equity based incentives are quite common in technology companies, where equity rather than cash can be used to motivate and attract the necessary talent, said Stephen Chan, partner of dechertllp

As early as 2015, at least 12 Jun Ao shareholders became billionaires, including Lu Zhaoxi, former chief executive officer of Alibaba, and Shao Xiaofeng, former chief risk officer and current company secretary general. Since then, in the multiple rounds of financing of ant group, the ownership structure of junao has changed.

Extended reading of Xinhua News Agency: it is suggested that byte skipping should be carefully studied and carefully decided that Huawei developer conference will be held on September 10: Hongmeng OS and emui11 will be announced, but Alibaba Tencent and Baidu Jingdong will not do it! Source: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279