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阿里、京东目前强势的管理层可以自信地应用双层股权结构,但充分地理解上市公司这一精巧的制度设计,或许将为基业长青打下坚实的基础。马云终于启动了美国上市计划。阿里原来希望的在香港上市,从而获得像腾讯一样的高估值,但港交所一直希望阿里修改合伙人制架构,从而符合香港的资本市场规则。马云为此指责联交所:“我们是往未来看的,他们是往后看的。”我们来看一下阿里所说的合伙人制,或者说双层股权结构在美国的历史。
Ali, Jingdong Currently, the strong management can confidently apply the double ownership structure. However, a full understanding of the sophisticated system design of listed companies may lay a solid foundation for long-term development. Ma finally launched the United States listing plan. Ali had hoped to be listed in Hong Kong, so as to obtain the same high valuation of Tencent, but the HKEx has been hoping Ali modify the partnership structure, so as to comply with Hong Kong's capital market rules. To this end, Jack accused the Exchange: “We are looking to the future, they look back. ” Let us look at the partnership that Ali said, or double the ownership structure in the history of the United States.