Author(s)

Juan Dong

Corresponding Author

Juan Dong

Abstract

The growth and development of enterprises need the support of huge amount of funds. Ali and Jingdong need a large amount of funds to support their operation. The two e-commerce giants choose to go public for financing, and financing will dilute the equity of the founders and their teams. Through the introduction of Jingdong and Ali, as well as the changes of ownership structure after listing, this paper analyzes their governance modes, discusses the similarities and differences between the two-tier ownership structure and partner system, and analyzes the potential risks of these two governance modes, so as to provide reference for other companies' governance modes At the same time, some suggestions and countermeasures are put forward.

Keywords

Double equity structure, Partner system, Governance mode, Countermeasures and suggestions