Money cannot replace good corporate governance. At the other hand, if employees are well cmpensated, they might work for the good of the company, and hopefully of the investors as well. We shall see....
don't cry over spilt milk. there will be many alibabas from China in the coming years. wait till HK-Shanghai stock free trade takes effect first. let China ceos, coos, auditors, lawyers, accountants and investors learn and learn more about rule of law on stock trading. we shall expect HK-China market become the largest in the world in 2020.
In 2011, alibaba had a major scandel that coo and ceo had to resign.
In china, even public company is full of frauds - state owned or not.
How do we govern partnershipin in china? To me, it is a mission impossible.
At the other hand, i think alibaba business is not difficult to emulate. It is even questionable for the benefits of china consumers to rely on single platform. China may want to raise some competition.
Wal-Mart (245.7 B)
Chevron (236.8 B)
P&G (227.8 B)
JP Morgan Chase (226.8 B)
Verizon (204.0 B)
Facebook (198.7 B)
Pfizer (192.4 B)
IBM (192.3 B)
Oracle (183.3 B)
Coca-Cola (182.5 B)
AT&T (181.6 B)
Bank of America (176.4 B)
Intel (173.2 B)
Merck & Co. (172.7 B)
I think corporate governance is an issue in alibaba eventhough the business model is great. If sfc and hkex cannot manage this risks, better not to bite the bait.