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 enthusiasts.
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Author: Ankish Jain
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