Beijing time on June 10, according to the "Wall Street Journal" online version of the report, Alibaba Group Executive Chairman Ma Yun said at a luncheon at the New York Economic Club on Tuesday that if he can have a second life, it will let Ali give up the IPO.
For a company boss, raising more than $20 billion in a day is an extraordinary thing, not to mention regretting it.
However, Ma said that if he is allowed to come back, it may reconsider Ali's record IPO. When asked why he chose to let Ali go public, Ma Yun said at the luncheon of the New York Economic Club: "If I can have a second life, I will keep my company privatized. When you have an IPO, life will be It has become difficult."
Ma said that Ali benefited from the listing on the New York Stock Exchange last September, which gave the company more capital to achieve its goals and increased transparency, which will help the company's long-term development.
However, Ma Yun also regrets the burden that Ali has added to shareholders when he is listed in the US. Ma Yun also criticized the influence of independent directors in American corporate culture, complaining that some directors often behave like lawyers and only comment on their colleagues afterwards.
When asked why he chose to go public in New York, Ma Yun’s answer was straightforward: “Because we were rejected by Hong Kong.â€
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