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https://www.wsj.com/articles/alibaba-says-joseph-tsai-to-take-over-as-chairman-succeeding-daniel-zhang-3bdf7a9

Jack Ma Ally Joe Tsai to Take Helm of Alibaba

Brooklyn Nets owner Tsai to become chairman in shake-up at the top of e-commerce giant as it moves to reboot growth

By

Jack Ma, co-founder of Alibaba Group Holding Ltd., returned to mainland China after spending roughly a year overseas. The trip home comes as Beijing eased up on a tech crackdown that hit confidence among private businesses. Photo: Hangzhou Yungu School

SINGAPORE—Alibaba Group 9988 2.27%increase; green up pointing triangle named Brooklyn Nets owner Joe Tsai to be its chairman, putting the close ally of fellow co-founder Jack Ma atop the Chinese e-commerce giant as it seeks a revival from sluggish growth amid fierce competition.

Tsai, 59, is seen by company insiders and analysts as being close to Ma, the company’s largest shareholder who stepped down as executive chairman in 2019 and has kept a low profile after he appeared to have a fallout with Beijing amid a regulatory crackdown on the tech industry.

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