According to the prospectus published when Alibaba went public, the original shareholders of Alibaba are as follows: Softbank holds 25.8%, Jack Ma holds 6.1%, Joseph Tsai holds 2.0%, other senior executives hold 0.9%, and the public holds 65.2%. Although Softbank is the largest shareholder of Alibaba, due to the dual-class share structure, the company's decision-making power is still in the hands of Alibaba's board of directors.

At the beginning of Alibaba's establishment, Jack Ma once said that Alibaba's development achievements will be shared with employees. It is understood that when Alibaba went public, employees who have worked for 3 years can get employee stock allotment. About 4,900 employees received stock allotment, totaling 443.5 million shares.