In an updated initial public offering filing, Alibaba revealed the names of all 27 individuals who comprise the "inner circle" that nominates the majority of the board of directors.
The full 9-member board was also disclosed, which includes 4 independents: Yahoo co-founder Jerry Yang; Chee Hwa Tung, the first chief executive of Hong Kong; J. Michael Evans, former Vice-Chair of Goldman Sachs (and chairman of Asia operations) until 2013; and Walter Teh Ming Kwauk, a consultant at Motorola Solutions.
The 27 partners are elected annually; it is this "partnership" that has the exclusive right to approve a majority of the board of directors.
The company also provided updated profit and revenue figures, for the year ending March 2014:
Net income: $3.71 billion (almost tripling)
Revenue: $8.44 billion (up more than 50 percent)
This revenue growth seems a bit less than expected. As a result Yahoo, which owns nearly a quarter of Alibaba, is under pressure. It also seems like an exercise in nit-picking, especially since net margins are at an astronomical 47 percent. There was also a breakdown on transaction volumes for two of their main businesses, Taobao (up 32 pecent) and Tmall (up 90 percent).
Still no word on whether it will list on the NYSE or NASDAQ.
Elseswhere
1) There is a Federal Reserve policy meeting this week, the first with Stanley Fisher as Vice Chairman, generally considered a moderate. He will likely offset some of the more hawkish views of Charles Plosser and Richard Fisher. Despite several other changes, the bias seems to remain on the dovish side.
2) Most emailed comment I saw this week was from Barron's, where Avi Salzman, noting the surprisingly strong earnings corporate earnings, quoted Bank of America-Merrill Lynch chief investment strategist Michael Hartnett: "The case for a summer melt-up remains stronger than that for a summer melt-down, as the high-liquidity, low-growth backdrop forces investor cash levels down."
--By CNBC's Bob Pisani