#Alibaba Group, a Chinese e-commerce technology giant, declared that Joseph Tsai will succeed Daniel Zhang as the organization's new Chairman.

The #Canadian-Taiwanese billionaire businessman is well-known for supporting the #cryptocurrency sector and has been affiliated with a number of digital asset ventures. According to recent information, Blue Pool Capital, a company that looks after Tsai's personal assets, took part in two investment rounds for the #FTX, a formerly well-known cryptocurrency exchange.