As we all know, Ali has 18 founders, known as the "Eighteen Arhats". They are basically former colleagues and students of Jack Ma . In 1999, these 18 people raised 500,000 yuan to establish Alibaba . Although it did not disclose how much each person invested, Jack Ma should have the most.
.5 million was not a small amount at that time, but the Internet burned money too quickly and it couldn't last long. Many people know that Jack Ma spent a few minutes to convince Masayoshi Son , allowing SoftBank to invest and save Alibaba's story. But in fact, Alibaba's first financing did not come from SoftBank , but the United States Goldman Sachs Group , with an amount of US$5 million, and was introduced by Tsai Chongxin , one of the founders of Alibaba. Interestingly, in 2015, Alibaba poached Goldman Sachs vice chairman J. Michael EVANS to serve as the group president, and now it has also joined the board of directors. After investing in
Goldman Sachs , as for how many shares Alibaba team gave up, it was not disclosed. Then in 2000, the Internet bubble broke out, Alibaba fell into a desperate situation, Jack Ma asked for help everywhere, and finally Masayoshi Son took action and invested $20 million. In 2004, Alibaba received another $82 million in financing, of which SoftBank invested $60 million.
By this time, Jack Ma's team's shares had been greatly diluted, leaving only 47%, SoftBank held 20%, Fidelity held 18%, and other VCs held 15%. However, they are still the largest shareholder.
By 2005, Alibaba received a huge financing of US$1 billion from Yahoo in the United States. As a result, Yahoo became the largest shareholder, holding 40% of the shares, Jack Ma's team held 31% of the shares, and SoftBank held 29% of the shares. Although he lost his position as a major shareholder, Jack Ma is very powerful and agreed with Yahoo that by October 2010, Jack Ma's CEO position will not be removed and he will continue to have control. In other words, although he is not a major shareholder, Jack Ma's team still controls the company.
Jack Ma is still very powerful. In order not to lose control after 2010, Alibaba began to pilot the partnership system, controlling more than half of the directors through partners, thereby controlling the company. Sure enough, after 2010, Jack Ma had a quarrel with Yahoo. Alibaba spent US$7.1 billion to acquire 20% of Yahoo's shares, thus regaining control again.
2014 was one of the most important moments in Alibaba's development history. In this year, Alibaba was listed in the United States as a whole, raising up to US$22 billion. Alibaba Group's market value also rose all the way, and later became the top ten in the world's market value and the number one company in Asia. After listing, the shares of major shareholders were diluted. SoftBank held 34.4% of the shares, becoming the largest shareholder, Yahoo held 22.6% of the shares and is the second largest shareholder, Jack Ma held 8.9% of the shares, and Cai Chongxin held 3.6% of the shares. In the following years, Yahoo continued to reduce its holdings and cash out. By September 2019, it was less than 0.2%, disappearing on the list of major shareholders. Yahoo, which once invested heavily, failed to continue with Alibaba in the end. However, Yahoo founder , Jerry Yang, , has been on Alibaba's board of directors.
Since its listing in the United States, Jack Ma has reduced his holdings almost every year. From September 2014 to July 2020, Jack Ma's shareholding ratio was 8.9%, 7.8%, 7%, 6.2%, 6.1%, and 4.8%, respectively. He reduced his holdings all the way and cashed out a lot of money.
, especially in 2020, the shareholding was reduced and cashed out 43 billion yuan. Some people say that Jack Ma cashed out at Alibaba's high level, because from the second half of the year to now, Alibaba's stock price has dropped sharply, with a current market value of US$438.273 billion, which is almost halfway compared to the highest point of nearly US$800 billion.
By July 2021, Alibaba submitted its performance report to show that Jack Ma had disappeared from the list of major shareholders and did not show how many shares he still holds. Some people say that Jack Ma has cashed out and left the scene? After all, Jack Ma has encountered many things in the past six months, and his reputation has dropped sharply. He has become low-key and rarely appears in public.
However, Alibaba's explanation is that Jack Ma is neither an Alibaba executive nor a director, and his shares are less than 5%, so there is no need to disclose it. Although Cai Chongxin holds only 1.4% of the shares, he is still the executive vice chairman of Alibaba's board of directors.
In October 2020, Jack Ma talked freely at the Bund Financial Summit and once again spoke wildly. Ant Group's listing was immediately stopped and investigated and required rectification. After that, there was no news of when it would be available. Alibaba Group was also investigated by antitrust and was eventually fined 18.2 billion yuan.
Jack Ma also began to gradually disappear from the public eye. Then what is he doing? This year, Cai Chongxin revealed his trends, saying that he focused on charity and hobbies and kept a low profile.
In fact, no matter how many shares Jack Ma holds, he firmly controls Alibaba because he is a permanent partner. It is impossible for Jack Ma to cash out all of it, at least not yet, he is still paying attention to Alibaba's development. Some time ago, he also appeared in , Jiaxing, Zhejiang, , inspected the farm and was concerned about Ali's agricultural development.
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