Comment on Who is Alibaba’s biggest shareholder? Clue: they invested 14 years ago by Young Lee

['Eva Yoo', 'More Eva Yoo', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2015-01-23 00:00:00

In 1999, Jack Ma persuaded an investor take a stake in the company he had founded a few months earlier. The subsidiary of Softbank, SoftBank Ventures Korea’s investors said that Son invested in the company for two main reasons. First, Son invested in Jack Ma, an outstanding businessman. Son’s investment paid off upon Alibaba’s IPO 14 years later, with SoftBank now the biggest stockholder with a 34.4% stake while Yahoo has 22.6% and Jack Ma has 8.9%. Photo Credit: Forbes, SoftBank Ventures KoreaEditing by Mike Cormack (@bucketoftongues)