How was Alibaba's stock distributed in 1999?
1999 年时阿里巴巴还没有股份分配，因为阿里巴巴尚未成立股份制公司。阿里巴巴的前身是 1999 年 2 月 19 日创立的阿里巴巴网站，后于 1999 年 11 月按照《中华人民共和国公司法》的要求与浙江省工商局登记注册为阿里巴巴网络技术有限公司，1999 年阿里巴巴的股份完全属于创始人及工号在18 人以下的核心员工。
Professional answer
In 1999, Alibaba had no stock distribution because it had not yet been established as a joint-stock company. Alibaba's predecessor was the Alibaba website, which was founded on February 19, 1999. In November 1999, it was registered with the Zhejiang Provincial Administration for Industry and Commerce as Alibaba Network Technology Co., Ltd. in accordance with the requirements of the Company Law of the People's Republic of China. In 1999, Alibaba's shares belonged entirely to the founders and core employees with employee numbers below 18.
Jack Ma is the largest shareholder, and the remaining shares are divided among his capable associates
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