The new chairman of the board of Alibaba, the Chinese giant e-commerce platform, is Joseph Tsai, who stands out with crypto money and Web3 support.
by Alibaba Tuesday, June 20 In a statement made on the day, one of the founders of the company Joseph Tsaiof September It was announced that he will assume the role of chairman of the board of directors starting in May. Joseph Tsai is known as a prominent name with his posts about his love of cryptocurrencies and active Web3 investments.
In line with the new decision, Tsai became the chairman of the company’s board of directors. Eddie Yongming Wu as CEO was determined as. Both designations September 10, 2023 will enter into force on
Joseph Tsai’s social media in 2021 in your post, “i love crypto“ He had drawn attention to his remarks. Tsai chose not to respond to detailed questions about this post at the time.
On the other hand, as reported by the news agency South China Morning Post in January 2023, it is used as Tsai’s family office. Blue Pool Capital, was a minority shareholder of FTX And participated in two fundraising roundsI. This was unknown at the time and only surfaced in court documents from FTX.
Additionally, Joseph Tsai, in February 2022 To Polygon’s (MATIC) funding round and NFT platform Artifact Labs‘s funding round last May active investor was included. Also, Tsai Web3 sports platform Fast Break Labs‘of donation collection to its effectiveness also contributed.
Chinese And hong Kong front of the recent in parallel with its crypto-friendly steps Alibaba’s takeover of Tsai crypto-friendly transformation interpreted as a precursor.