(Reuters) - Alibaba Group Holding Ltd IPO-ALIB.N will name the 28 people who will control the world's biggest e-commerce firm in an update to its initial public offering filing, the Wall Street Journal said, quoting people familiar with the plans. The identities of all 28 "Lakeside Partners," who together founded Alibaba in 1999, have been the subject of speculation and controversy because of Alibaba's unusual governance structure. According to the company's bylaws, the partners will keep an iron grip over the firm after its IPO because they hold the power to nominate directors to a majority of Alibaba's board seats. That provision was at the center of a dispute between Alibaba and the Hong Kong stock exchange - which does not permit listed companies to grant special powers to certain shareholders over others - and ultimately helped influence Alibaba's decision to go public in New York instead.
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