LOL...good one. Wish I had a mod point.
In actuality, the Alibaba Group has 28 partners, and they are at the heart of the reason why the HKEx is refusing the IPO.
The listing terms that the HKEx finds objectionable are centered around the proposed structure of the company, which would allow their 28 partners to control a majority of the board - even though they only own around 13 percent of the company.
Apparently, the HKEx regulators still cling to the quaint notion that small investors are important. I guess those HK guys have a thing or two left to learn about how real capitalism works.