The prospectus is short on financial detail but it does shed more light on the complex business and the unconventional shareholder structure that so outraged Hong Kong.
Michael Yao, whose experience also includes a 13-year stint with Goldman Sachs, joins the e-commerce giant at a time when most observers believe it is preparing for a future IPO.
The provider of China's leading online trading platform seeks to raise up to $1.3 billion in a deal that includes clawback provisions for cornerstone investors.