Some Chinese vent over Alibaba's big foreign stakeholders


  • TECH
  • Wednesday, 07 May 2014

LONG SIMMERING TENSIONS: Angry Chinese nationalists finally woke up on Wednesday to the fact that Japanese and American companies own more than half of e-commerce juggernaut Alibaba, and have done for years.

BEIJING: Angry Chinese nationalists finally woke up on Wednesday to the fact that Japanese and American companies own more than half of e-commerce juggernaut Alibaba, and have done for years. 

"Who is Jack Ma working for?" asked some on microblogs, hours after Alibaba Group Holding Ltd filed a prospectus for an initial public offering of its shares in the United States, which some say could be the biggest listing ever of a technology stock. 

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