The partnership system is an equity incentive system of Alibaba Group, which aims to encourage and motivate partners to develop and create value in the company in the long term.

The system ensures that partners' rights and interests in the company are protected by giving them voting rights and profit rights in major decisions of the company.

In addition, the partnership system also stipulates strict partnership terms and exit mechanisms to ensure the stability of partners and the long-term development of the company.

Through this system, Alibaba Group is able to attract and retain high-level talents and improve the company's overall competitiveness.