Hong Kong – May 7, 2009 – At most annual meetings, the chairman gives out stock advice but today Jack Ma of Alibaba.com surprised 80 business school students with a gift of 100 shares. The students from Chinese University of Hong Kong and the University of Hong Kong were invited to attend Alibaba.com’s second annual general meeting along with 300 shareholders, customers and other guests.
Ma, a former English teacher who founded Alibaba Group a decade ago, told the students he hoped the gift would give them a strong personal incentive to follow not just the performance of Alibaba.com, but also deepen their interest in business and entrepreneurship. The shares came from Alibaba Group and are tradable stock of Alibaba.com.
On Wednesday, Alibaba.com said revenue for the first quarter rose 19 percent to RMB807 million from RMB680 million a year earlier. The company’s total number of Chinese exporter customers jumped 96% year on year to 55,810 on the introduction of its new entry-level product Gold Supplier Starter Pack and registered users topped 40 million.
Ma, a former English teacher who founded Alibaba Group a decade ago, told the students he hoped the gift would give them a strong personal incentive to follow not just the performance of Alibaba.com, but also deepen their interest in business and entrepreneurship. The shares came from Alibaba Group and are tradable stock of Alibaba.com.
On Wednesday, Alibaba.com said revenue for the first quarter rose 19 percent to RMB807 million from RMB680 million a year earlier. The company’s total number of Chinese exporter customers jumped 96% year on year to 55,810 on the introduction of its new entry-level product Gold Supplier Starter Pack and registered users topped 40 million.
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