alibaba group in hangzhou today formally announced the had been more than three years within the group, commissioning the system of “partner”. This is the first time from alibaba officially confirmed, “partner” system will become the company in the aspect of corporate governance and corporate culture heritage of one of the core measures. Before that, the news about ali partner system has caused a lot of talk and speculation, but always didn’t get the official confirmation.
after it emerged that alibaba group has to hkex “partners” listed Suggestions were put forward, in order to ensure its control.
but alibaba officials made it clear today that the system within the management team as early as in 2010, “this mechanism will let us to transmit, mission, vision and values to ensure that ali’s innovation, organization to be more perfect, more flexible to be competitive in the market of the future, more have the ability to create our ideal in the future.”
alibaba, according to the origin of partner system dates back to 2009, that year on September 10, 10th anniversary of alibaba founder jack ma, and other 18 announced his resignation as “founder” identity, then, the company began to seek and try to possible system innovation.
it was revealed that the group in the past three years, according to the related partners of the articles of association, and the process are conducted and heated discussion for a long time, and accumulated a lot of experience. As of today, has already developed 28 points and three rounds of partners. And the group is trying to produce more of the partners, in order to governance output new blood for a long time for the company, “has given our ecological organization, diversity and can”.
After the public opinion thinks, alibaba’s “partner” is set up for listing plan, and its purpose is to ensure that the listed after the management control of the company. But in alibaba group chairman jack ma to employees in an email, it emphasized that for the most part is different from the current partner system, set up is not an interest group, more is not in order to better control the authority of the company, but a kind of enterprise internal dynamic mechanism.
based on the description of the ma mail, he will partner is defined as: “a partner, as the operator of the company, the builders of the business, cultural heritage, and shareholders.” He thinks they are most likely to stick to the company’s mission and long-term interests, for customers, employees and shareholders to create long-term value.
Partner, alibaba also says, need “in alibaba work five years, have good leadership skills, highly agree with the company culture, and has positive contribution to the company development, is willing to go to great lengths to” the transmission of cultural and mission for the company.
in the news in today’s public alibaba is also did not shy away from the subject of the capital market, expressed the hope that institutional changes to “make up for the current capital market trend of short-term profit to the enterprise long-term development of interference”, better long-term returns for all shareholders. “This, of course, must be based on open and transparent”.
after media reported that alibaba partner system, is for the continuation of the company business philosophy and culture for a long time, do not want to pressure by too many outside to pursue short-term interests, founder of hard to establish management culture, not easily culture erosion of capital market. Internet companies, in particular, rapidly changing, need to be familiar with the operation of the management, keep operating development and flexible management decision-making power. Typical design such as Facebook is dual share structure on the one hand, founder of the guarantee for the company’s rights and interests, on the other hand, try to reduce the effects of profit-seeking capital to the enterprise development decision.
For public concern of the outside world, Mr Ma also mentioned in the email:
“we may not care about who is to control the company, but we are concerned about control of the company, must be stick to culture and inheriting the alibaba mission partners. We don’t care where is listed, but we care about the place where we listed, must support this kind of open, innovation, responsibility and promote long-term development of the culture.”
jack ma email full text:
you must be from the media recently, listen to a lot of control system and after company listed on alibaba partners. Today is the 14 years anniversary of alibaba, as it happens in this meaningful day, report to you check on alibaba partner system.
14 years ago today, alibaba founder of 18 officially on the path of entrepreneurship. Four years ago, that is, when the tenth anniversary of alibaba, we announced that 18 group founder resigned as “founder” identity, starting from scratch, for the future.
always dead the day in my life. The founder of alibaba has a variety of reasons will leave the company. We are very understand company to go to today, not 18 founders, but they create culture make the company different. Most companies after losing founder culture, will quickly fall into a mediocre business company. We hope that alibaba can go further.
if you are not a big surprise, our company will have the opportunity to participate in and bear witness to China’s e-commerce retail 10 trillion that day. But we don’t want to be a company just can sell trillions of goods, we hope you can in the future development, continuously produce countless like taobao, pay treasure to balance Po… More innovative services and products, hope we can make more in the future the ecological culture of bovine XXX company. This is what we really want.
what kind of system innovation to realize our dreams? Since 2010, the group began trial operation within the management team “partner” system, every year to select new partners to join. Partner, as the company’s operators, builder of the business, cultural heritage, and shareholders, is most likely to stick to the company’s mission and long-term interests, for customers, employees and shareholders to create long-term value. In the past three years, our serious discussion partner to the articles of association, in the first three batch of 28 partners in the process of the election, for each candidate fierce debate, important decisions on the company further discussion, accumulated a lot of experience. On the basis of 3 years of trial operation, we can believe alibaba partner system officially!
produce must be based on alibaba partner – “in alibaba work five years, have good leadership skills, highly agree with the company culture, and to have positive contributions to the development of the company is willing to go to great lengths to” the transmission of cultural and mission for the company. We believe that there is only one love company, mission-driven, insist on defending ali culture group, was able to resist the external pressure of various kinds of competition and the pursuit of short-term profits.
is different from most of the current partner in the system, we set up is not an interest group, more is not in order to better control the authority of the company, but the enterprise internal dynamic mechanism. This mechanism will be passing on our mission, vision and values, to ensure that innovation constantly, ali group to be more perfect, more flexible in the future market, more competitive. This mechanism can make us more have the ability and confidence to create the future of our ideal. At the same time, we also hope to alibaba can partner system on the basis of open and transparent, make up for the current capital market trend of short-term profit to the enterprise long-term development, better long-term returns for all shareholders.
as we used to emphasize, alibaba is not a single or a group of people, it is a social enterprise ecology. Operating a ecological social enterprises, can’t simply rely on management and process, and more and more common culture and the needs of the enterprise innovation mechanism, system innovation to promote organization to upgrade. Our partner system, it is hope that through the company’s operating mission implementation inheritance, the alibaba from an organized business company, become a social enterprise of ecological thoughts. For this, the group hopes more ali sprung up to join partner team, make our ecological organization have diversity and reproductivity, keep the momentum of continuing without end.
dear ali, we may not care about who is to control the company, but we are concerned about control of the company, must be stick to culture and inheriting the alibaba mission partners. We don’t care where is listed, but we care about the place where we listed, must support this kind of open, innovation, responsibility and promote long-term development of the culture.
ali person, on the road!
alibaba group chairman of the board Ma
On September 10, 2013