合伙人制是一种创造性的方式,在保证股东核心利益的同时,也坚守着“我们是谁”——这一点我们不能,也不会改变阿里巴巴集团曾多次与香港监管机构探讨,如何把我们的管理创新和资本市场的有效治理对接。作为一家主要业务都在中国的公司,香港自然是我们上市的优先选择。我们提出了一个合伙人的公司治理机制,它能使阿里巴巴的合伙人,拥有较大的战略决策权,减少资本市场短期波 The partnership system is a creative way to stick to the “who are we” while guaranteeing the core interests of shareholders - we can not and will not change Alibaba Group’s discussions with Hong Kong’s regulatory agencies on many occasions , How to connect our management innovation with the effective governance of the capital market. As a company whose main business is in China, Hong Kong is naturally the first choice of our listing. We propose a partner’s corporate governance mechanism that enables Alibaba’s partners to have greater strategic decision-making power and reduce short-term capital market volatility