Joseph Tsai to Succeed Daniel Zhang as Chairman of Alibaba Group: Leadership Transition Marks Alibaba’s Second Succession in Recent Years

Alibaba Group, the Chinese tech giant, has announced that Joseph Tsai, the executive vice chairman and co-founder, will take over as chairman, succeeding Daniel Zhang. This leadership transition marks Alibaba’s second succession in just a few years, following the departure of founder Jack Ma in 2019.