.AlibabaGroup has named crypto-friendly joetsai1999 as its Chairman. Is this a sign of a change in China? thesamreynolds writes.
that Joseph Tsai, one of its founders, will step into the role of Chairman come September.
But crypto stakeholders bullish on the China narrative – the idea that Beijing is slowly warming up to crypto – might be closely reading the tea leaves on this one as Tsai is a vocal proponent of crypto and an active Web3 investor. At the time, Tsai didn’t elaborate what he meant, but in the year following, he has been an active investor in the space.
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