Research On Motivation And Financial Performance Of Alibaba Partner System

In September 2014,Alibaba successfully listed on the New York stock exchange that Alibaba has become the focus of the global capital markets.In addition to Alibaba debut people concern market value of $238.3 billion,Alibaba partnership system practice has also sparked the global and academia concern and discussion.Before that,a few big well-known Internet companies,such as foreign Facebook,Google,Meituan and Jingdong in China when they were listed to give up the current capital market the most common and the shares and the right system,and adopt the system of dual share in the United States.Internet companies such as Alibaba to innovation equity structure is essentially guarantee the founding team and management under the condition of the master a minority stake in control of the company.Taking the Alibaba partner system as an example,this paper introduces the system of Alibaba group and its partners,from external supervision and internal human capital and equity capital three aspects analyzes the reason of Alibaba partner system,and then from the corporate governance effects,advantages and limitations of partner system is analyzed.Through the analysis found that China is too single,shares closed system can’t satisfy the emergence of the different types of companies under the market economy,especially in the current,more and more Internet companies to control configuration,the demand of the company ownership structure and governance,more highlights the system defect of capital market in China,Alibaba innovative ownership structure and control configuration,solve the contradiction of the current,achieved a better effect of corporate governance.On this basis,the paper from the system construction,market regulation,market participation main body,four dimensions,founder of the Internet companies operable Suggestions and concrete measures are put forward.In order to improve the structure and control of the Chinese Internet enterprises,the innovation,corporate governance and the capital market.The possible innovation points mainly reflects in:(1)Based on the analysis of Alibaba partner system,from the external supervision and internal human capital and equity capital Alibaba partner system were analyzed by three aspects of reasons,both inside and outside,and ues comparison method,the objective comprehensively from the macroscopic environment and microscopic inner form reason of partner system is analyzed.Both the equity capital and the human capital perspective are based on detailed data and graphs,which are analyzed by logical and detailed analysis.(2)For the analysis of the financial performance of the system of the partners,Alibaba from operating ability,profitability and development capacity(including risk control and growth ability),and select the financial index data for four consecutive years,compared to the typical Internet companies amazon and average datas of the capital market stocks using the form,line charts are analyzed and described,more intuitive system effectively data is used to demonstrate the Alibaba partners to bring the positive role of enterprise financial performance,illustrates the partner of Alibaba system configuration of equity structure and control innovation,promote the efficiency of corporate governance with good financial results.(3)The paper from the system construction,market regulation,market participation main body,four dimensions,founder of the Internet companies operable suggestions and concrete measures are put forward,to establish the new system,perfecting the information disclosure system,establishing the class-action lawsuit system,and so on related suggestions to protect the infringement is not rhetoric,but refer to specific laws and regulations,gives a more detailed measures and the way of improvement.Moreover,these recommendations and measures are made after fully objective analysis of the current market realities and conditions.At the same time,the The Alibaba system analysis of typical enterprise partners may be referred by the similar Internet companies.