Research on the Implementation Effect of Alibaba's Dual-Class Share Structure

Feiran Wu

doi:10.62177/apemr.v3i4.1574

Authors

Feiran Wu Xi’an Polytechnic University

DOI:

https://doi.org/10.62177/apemr.v3i4.1574

Keywords:

Alibaba, Dual-Class Share Structure, Partnership System, Implementation Effect

Abstract

This paper takes Alibaba Group as a case study to analyze the implementation effects of its dual-class share structure, specifically its unique partnership system. Based on theoretical analysis and financial data from 2014 to 2018, the study finds that the dual-class structure promotes long-term corporate development, strengthens the founding team’s control, and optimizes internal governance. However, it also increases agency costs and potentially harms minority shareholder interests ^[9][10]. The paper concludes with suggestions such as improving information disclosure, strengthening internal supervision mechanisms, and introducing class-action lawsuits to protect minority shareholders and support sustainable corporate growth.

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