阿里巴巴ppt

阿里巴巴合伙人制度对我国公司法的影响一.阿里巴巴赴港上市始末（刘祥勇何华）二.阿里巴巴转向美国上市（刘航奇夏帮银）三.阿里巴巴招股说明书解读（陈虹学林愿）四.双重股权制度的内容和优势（李修远宋俊毅）五.对我国公司法的启示（王莉王豪）一阿里巴巴香阿里巴巴香港上市始末港上市始末1、2007年11月6日，对于阿里巴巴来说，是一个新的发展起点。其B2B业务成功在香港主板上市，开盘价30港元。2、2012年2月，阿里巴巴集团正式向其子公司B2B董事会提出私有化邀约，并于6月20日下午从香港联交所撤销上市地位。马云则回应称，只有着眼于未来才能有美好明天。局部的小调整已经没有办法对B2B进行根本性的完善。将阿里巴巴私有化可让阿里集团免于承受拥有上市子公司所需面临的压力，能够制定对客户最有利的长远规划。此时马云已开始着手为阿里巴巴的上市做准备，3、2013年7月23日，有传闻称阿里巴巴集团已经聘请高盛作为上市保荐人，并向港交所递交上市申请。阿里巴巴集团首席执行官陆兆禧与香港媒体见面时表示，阿里集团一直为上市做充分准备，但目前仍没有具体时间表。上市地点也尚未确定，香港和美国均是很好的选择。4、2013年8月18日，据《华尔街日报》报道称，阿里巴巴正与港交所就所有权一事进行商谈，正在探讨以“创新的方式”确保阿里巴巴的主要所有者对公司有着一定控制。5、2013年9月2日，据香港《南华早报》报道称，香港证监会将否决任何会被视为给予阿里巴巴豁免，令其无须遵守现行上市规定的改变。该表态被解读为基本否决了阿里在港上市的可能性。6、2013年9月10日，阿里集团董事局主席马云以内部邮件形式主动披露了“合伙人制度”，其中不乏有关坚持合伙人制度的“强硬”表达。7、2013年10月10日，阿里对IPO相关事宜作出公开表态，CEO陆兆禧对外表示，“我们决定不选择在香港上市。”阿里至此退出香港上市。WhychooseHongkongFirst,culturalfactors.AseniormanagementoftheAlibabawantstopassaculturalperspectiveinHongkongalone,accordingtoabankerfamiliarwiththematter.Incontrast,theHongkongmarketandthemainlandmarketbloodChinacloserculturalsimilarities,buttheHongkongstockmarketChinafactorsmoreandmoreconcentrated,theAlibabaininvestorrelations,maybemorehandy.Inaddition,relatedtoChina'se-commerce,Internetbankingandotherareas,inHongkonglistedmaybemoreinlinewiththeinterestsofthestateandshareholders.Twoisregulatoryissues.Inthepasttwoyears,theUnitedStateshasbeenlistedinthestockmarketwastroubledbyregulatoryissues.Accordingtobankers,theAlibabagroupdoesnotwanttogototheU.S.marketisoneofthemainreasons,inordertoavoidaheavyburdenontheregulatoryandaccountingstandards.OnebankerpointedoutthatthisisadignityforalargeChineseenterprises,AlibabaisreluctanttosubmitsomuchinternalinformationtotheU.S.regulatoryauthoritiestoreview.WhyquitHongkongAlibabawanttobelistedinHongkong,butunfortunately,Hongkongdoesnotsupportthepartnersystem,whichmeansthatifAlilistedinHongkong,Mawilllosecontrol.So,theAlibabacanonlychoosetogototheUnitedStatesmarket.Industryanalysis.ForanywillberegardedasexemptiontotheAlibaba,whichdoesnotneedtocomplywiththelistingruleschange,theCommissionwillberejected,includingallowingAlibabatotakethepartnershipproposallisted.HongkongSecuritiesRegulatoryCommissionandtheHongKongStockExchangeListingCommitteehadalreadymadeitclearthatthecompanywillnotprovideanexemptionforanycompany,becausethecurrentlistingsysteminHongkong,notallowedtogivespecialtreatmenttocertainshareholders.二阿里巴巴转向美国上市AlibabalistedintheUS1.Review•InMarch2014,AlibabagroupsaiditwillbegintheprocessoffilingforaninitialpublicofferingintheUS•On6May2014,AlibabaGroupfiledregistrationdocumentstogopublicintheUSinwhatmaybeoneofthebiggestinitialpublicofferingsinAmericanhistory.•On5September2014,thegroup—inaregulatoryfilingwiththeUSSecuritiesandExchangeCommission—setaUS$60-to$66-per-sharepricerangeforitsscheduledinitialpublicoffering(IPO),thefinalpriceofwhichwouldbedeterminedafteraninternationalroadshowtogaugetheinvestorinterestinAlibabasharestoshareholders.•On18September2014,Alibaba'sIPOpricedatUS$68,raisingUS$21.8billionforthecompanyandinvestors.AlibabawasthebiggestUSIPOinhistory.•On19September2014,Alibaba'sshares(BABA)begantradingontheNYSEatanopeningpriceof$92.70at11:55amEST.•On22September2014,Alibaba'sunderwritersannouncedtheirconfirmationthattheyhadexercisedagreenshoeoptiontosell15%moresharesthanoriginallyplanned,boostingthetotalamountoftheIPOto$25billionCommentfromChinaDailyAlibabaGroupHoldingLtd,China'slargeste-commercevendor,hasofficiallyconfirmeditwillholdaninitialpublicofferingintheUnitedStates,thecompanyhasannounced.ThedecisionwillmakeAlibabaamoreglobalcompanyandenhancethecompany’stransparency,aswellasallowthecompanytocontinuetopursueourlong-termvisionandideals,accordingtoacompanystatementsentonSundaytoChinaDaily.Itdidnotspecifywhichbourseitwillchoosetofloatitsshares,orgiveadetailedtimetable.HongKongregulatorsrejectedAlibaba‘sIPObecauseofthefirm’sspecialrequesttokeepashareholderstructurewhichwouldhaveallowedagroupoftopmanagersandfounderstonominateandcontrolthecompany‘sboardofdirectors.Alibabasaidthat,shouldcircumstancespermitinthefuture,itwillworktowardstowardextendingitspublicstatusinChina’scapitalmarketinordertoshareitsgrowthwiththeChinesepeople.ThecompanyalsoexpressedgratitudetowardsthoseinHongKongwhohavesupportedAlibabaGroup,includingtheHongKongStockExchange,whichshutthedooronapotentiallistinglastSeptember.“WerespecttheviewpointsandpoliciesofHongKongandwillcontinuetopaycloseattentiontoandsupporttheprocessofinnovationanddevelopmentofHongKong,”thestatementadded.Theuniquerequirementwentagainsttheexchange’sone-share-one-voteprinciple.ThestatementputsanendtorampantrumorsaboutAlibaba’schoiceoflistingvenue.Forexample,thefirm'srecentpurchaseofastakeinaHongKong-listedcompanypromptedspeculationthatAlibabamightusethedealtogopublic.AnalystspolledbyReutershaveputAlibaba'smarketvalueataround$140billionandthevalueoftheIPOat$15billion.Ifsuccessful,itwillgopublicintheworld'sbiggestlistingsinceFacebookInc'sdebutin2012.Theannouncementcamejusttwodaysaftermicro-bloggingserviceSinaWeibofiledtoraise$500millionviaaUSIPO.A