Alibaba Reveals Members of Its Partnership and Quarterly Results

Alibaba is releasing more information about itself ahead of its planned initial public offering. That's after the Chinese e-commerce company was criticized for not revealing enough details in its original prospectus. Alibaba publicly disclosed for the first time its 27-member partnership, which includes founder Jack Ma, Executive Vice-Chairman Joseph Tsai and Chief Executive Officer Jonathan Lu. The partners will have the exclusive right to nominate a majority of Alibaba's nine-member board of directors, which now includes Yahoo! founder Jerry Yang and J. Michael Evans, former vice chairman of Goldman Sachs Group.