Crypto enthusiast Tsai to steer Alibaba
Alibaba’s leadership reshuffle puts Joseph Tsai, a known crypto enthusiast , in the chairman’s seat, suggesting possible future crypto initiatives. However, given China’s cautious stance on cryptocurrencies, how this change will play out remains to be seen. On June 20, Alibaba revealed that one of its co-founders, Joseph Tsai, is set to become Chairman in September 2023. As a vocal supporter of cryptocurrency and an active web3 investor, Tsai’s elevation offers a new narrative for crypto enthusiast s. Chinese tech giant Alibaba announced on Tuesday that it will replace chairman and CEO Daniel Zhang with current executive vice chairman Joseph Tsai as chairman and Eddie Wu as CEO in September.https://t.co/GClcFSpPHQ pic.twitter.com/8CcMuoEVpx — Channels Television (@channelstv) June 20, 2023 Tsai’s fascination with the world of blockchain and crypto is no secret. It all began with a simple tweet in December 2021: “I like Crypto.” The stateme...