Alibaba Group is planning to management structure that will allow its partners control over the nomination of board decisions and retain listing, Hong Kong Economic Times (Hong Kong Economic Times) Daily reported on Friday.
Widely expected, the Chinese e-commerce company launched valued at more than $ 15 billion in an initial public offering by the end of Hong Kong tipped as a possible venue.
Hong Kong Economic Times reported citing sources familiar with the thinking of Alibaba, and did not give further details. Contact report by Reuters, Alibaba spokesman in Hong Kong declined to comment.
Alibaba partners include former CFO Joe Tsai, Chairman Jack Ma, Alibaba's current CEO Jonathan Lu and other senior management personnel and the company's founder.
Reuters reported earlier that the company is working with the Hong Kong Stock Exchange to allow the talks to maintain control after the IPO of its founder, it may be beneficial to the company's management and founder of individual investors through the dual class listed.
HKEx generally not in favor of dual-level list, told Daily Economic Daily, Alibaba do not intend to move.



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