Tag: Tsai, Joseph C

The Big Change Coming in U.S.-China Relations in the Age of A.I.

Media Library

At Beijing Capital International Airport, it is now required after landing to send carry-on bags through a scanner before leaving the arrivals building. As I approached the scanner belt with my bags, though, I saw a sign that I had never encountered before: Any passenger carrying a drone has to remove and declare it. A Chinese security officer pointed directly to the sign to confirm that I had no drones in my bag. I shook my head no. I don’t usually travel with a drone. That sign was not the…

Jack Ma Doubles Down on Alibaba

Media Library

Tsai has bought about $151 million worth of Alibaba’s U.S.-traded shares in the fourth quarter, via his Blue Pool Management family investment vehicle, a securities filing confirmed on Tuesday. Ma, who stepped down as the company’s executive chairman in 2019 but remains a major shareholder, bought $50 million worth of Hong Kong-traded stock in the quarter, according to a person with knowledge of the matter. (Both men already hold sizable amounts of Alibaba stock.) The purchase sizes aren’t huge — Alibaba’s market capitalization is about $171 billion — but given…

Daniel Zhang Steps Down From Alibaba

Media Library

Daniel Zhang, the departing chief executive and chairman of the Chinese tech giant Alibaba, has stepped down as head of the tech company’s cloud division, a position he held for mere months. The company announced in June that Mr. Zhang, would give up the chairman role this month to Joseph Tsai, a co-founder of Alibaba, and that Eddie Yongming Wu, another founder, would became the chief executive. But Mr. Zhang had been widely expected to continue to lead Alibaba’s cloud computing division, a position he assumed in March as part…