Closer Look: Why Jack Ma and Alibaba Wound up Listing in New York

(Beijing) – When Alibaba Group Holding Ltd. updated its prospectus on June 16 ahead of its listing in the United States, the partnership structure that was detailed aroused debate.

The reason Alibaba is going public in the United States is that Hong Kong regulators would not accept its partnership structure. Alibaba's approach gives more voting rights to its partners, no matter how many shares they hold, company documents show.