Alibaba’s Governance Leaves Investors at a Disadvantage. Lucian Bebchuk, September 16, 2014, Opinion. “Wall Street is eagerly watching what is expected to be one of the largest initial public offering in history: the offering of the Chinese Internet retailer Alibaba at the end of this week. Investors have been described by the media as “salivating” and “flooding underwriters with orders.” It is important for investors, however, to keep their eyes open to the serious governance risks accompanying an Alibaba investment. Several factors combine to create such risks. For one, insiders have a permanent lock on control of the company…” Link