On November 6, Alibaba was about to be listed on the Hong Kong Stock Exchange. With great popularity in the market, Alibaba created a new miracle in financing of the Internet industry in recent years. IPO scale capital may reach HK$1 billion. Currently, Yahoo and Softbank, which control more than 70% of Alibaba's shares. The biggest beneficiaries of Alibaba's listing are also these American and Japanese major shareholders represented by Yahoo, Softbank, Cisco, etc. In the existing management team of Alibaba, including its founder Jack Ma, the equity holding is less than 5%.
In 2005, Jack Ma announced the "merger and acquisition" of Yahoo China, but it was later revealed that the cost of this merger and acquisition was that Yahoo held about 40% of Alibaba's shares and became its single largest shareholder. Subsequently, some overseas media also pointed out that Softbank's control over Alibaba surpassed Jack Ma's. This prospectus confirmed the fact that Yahoo and Softbank completely controlled the Alibaba Group.
In fact, although there is still some time before Alibaba officially goes public, Yahoo has already benefited indirectly from this IPO. Since entering 2007, Yahoo's stock price has been unstable, but since Alibaba announced its listing plans, Yahoo's stock price has increased by 26%, creating a 52-week high, exceeding the rational expectations of investment analysts.