Joe Tsai

Alibaba Group Holding‘s (NYSE:BABA) Chairman, Joe Tsai, has announced that the tech giant plans to integrate artificial intelligence (AI) into its operations within the next three to five years. What Happened: Tsai unveiled Alibaba Group Holding (NYSE:BABA)’s future AI-driven strategy...

Alibaba Group Holding Ltd. (NASDAQ:BABA) shares have plummeted 32.50% since mid-March as escalating trade tensions between the U.S. and China threaten to derail the e-commerce giant’s international business model. What Happened: Speaking at CNBC’s Converge Live event in Singapore,...

As Nvidia Corporation (NASDAQ:NVDA) CEO Jensen Huang touts the arrival of humanoid robots in factories within five years, Alibaba Group Holdings, Ltd (NYSE:BABA) chairman Joe Tsai is taking a more skeptical stance—questioning both the practicality and philosophical implications of human-like...

Alibaba Group Holding (NYSE:BABA) Chairman Joe Tsai has expressed apprehension about a potential bubble in the AI data center construction sector. What Happened: At the HSBC Global Investment Summit in Hong Kong, Tsai cautioned that the rapid expansion of data centers could surpass...

Alibaba Group Holding Ltd. (NASDAQ:BABA) (OTC:BABAF)  Chairman Joe Tsai announced Tuesday the company will resume hiring, signaling growing confidence in China’s business landscape following recent economic policy shifts. What Happened: Speaking at HSBC’s Global Investment Summit,...

Alibaba Group Holding Ltd (NYSE:BABA) co-founder Joe Tsai expressed optimism about the company’s future despite recent setbacks. What Happened: Tsai acknowledged the challenges Alibaba has faced in recent times. These include internal changes, the cancellation of a cloud computing IPO, and...

Alibaba Group Holding Ltd (NYSE:BABA) has decided to put the initial public offerings (IPOs) of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions. What Happened: Alibaba’s Chairman Joe Tsai announced the decision during...

Despite the continuing rout on Chinese stock markets on Monday, shares in Alibaba (NASDAQ:BABA) escaped with only a fractional loss in Hong Kong, while its U.S. listing gained ahead of the e-commerce company’s fourth-quarter earnings report on Wednesday. In Hong Kong, the shares dipped 0.1%,...

In a significant development, Jack Ma and Joe Tsai have emerged as the top shareholders of Alibaba Group Holding Ltd (NYSE:BABA), surpassing SoftBank Corp (OTC:SFBQF). What Happened: Ma, who retired as Alibaba’s executive chairman in 2019, increased his stake in the company by purchasing...

Shares in Alibaba Group Holding (NYSE:BABA) soared over 7% on Tuesday after co-founders Jack Ma and Joe Tsai purchased shares on both the New York and Hong Kong stock exchanges worth hundreds of millions of dollars. A regulatory filing with the Securities and Exchange Commission showed that Blue...

Stocks were falling on Tuesday as investors await remarks from several Federal Reserve officials this week and more clarity from Fed Chair Jerome Powell in his testimony before the Congress on Wednesday and Thursday. Meanwhile, U.S. Treasuries rallied, with yields dropping by about 10 basis points...

Alibaba Group Holding Limited’s (NYSE: BABA) co-founder Joe Tsai has filed for the sale of three million American Depository Receipts, representing roughly 8% of his stake in the e-commerce company through Morgan Stanley, What Happened: A filing to this effect was done by Tsai's holding...

NBA team ownership is a ticket into one of the most exclusive fraternities in the world. Michael Jordan, Mickey Arison and Joe Tsai are all multibillion-dollar businessmen and owners of various NBA franchises. They saw NBA team ownership as a lucrative investment and...

Alibaba Group Holding Ltd - ADR (NYSE: BABA) chairman and co-founder Joe Tsai is showing appreciation for the cryptocurrency industry. What Happened: “I like crypto,” Tsai tweeted on Monday night without any context or earlier tweets the would provide...

Alibaba Group Holding Ltd (NYSE: BABA) co-founder and billionaire Joe Tsai is the mystery buyer who closed a $157 million deal in Manhattan’s most prestigious condo tower, CNBC reported Monday, citing sources. What Happened: Tsai has bought two full-floor condo apartments at 220...