Alibaba Group Holding Ltd (NYSE:BABA) Backed by Top Global Investors

Alibaba Group Holding Ltd (NYSE:BABA)

In public disclosures filed Friday, it is shown that Jack Ma’s e-commerce group Alibaba Group Holding Ltd (NYSE:BABA) boasts of the world’s finest investors in its list of stockholders. The company has made an initial public offering earlier in September 18 of this year. The initial public offering generated an amount of $35 billion for the company. Its shares was initially priced at $68 apiece, and has since then climbed as much as 69%, closing to $115.50 on Friday.

Notable investors of Alibaba Group Holding Ltd (NYSE:BABA) include Fidelity Investment with $2.1 billion worth of shares, Viking Global Investors LP with $1 billion worth of shares, Third Point with $639.7 million worth of shares, Soros Fund Management LLC with $390.0 million worth of shares, Tudor Investment Corporation with $46.3 million worth of shares, and Omega Advisors with $36 million worth of shares.

Alibaba Group Holding Ltd (NYSE:BABA)

The Chinese e-commerce giant, which has lately  produced a sales of about $9 billion in just a day during its annual “11.11 Singles Day Shopping Festival” in November 11, also counts for its investors large names such as Yahoo, Silver Lake, and SoftBank. SoftBank controls about 34.4% of the company, Yahoo controls 22.6%. Company CEO Jack Ma, on the other hand, owns 8.9% while his co-founder Joseph Tsai controls 3.6%.

In a report by Reuters, the CEO of  SoftBank, Masayoshi Son, said that Alibaba Group Holding Ltd (NYSE:BABA) has a phenomenal success that created value for its investors, and that SoftBank is supportive of the company and its partnership structures. For its part, Yahoo, thru its Chief Development Officer Jacqueline Reses, expressed confidence with Alibaba Group Holding Ltd (NYSE:BABA), saying its management’s efforts reflect a desire to direct the company with a long term view of its shareholders’ rights and benefits.

This article has been written by Nonito Guntan.

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