Joe Tsai can't take Alibaba back to its golden days

Investors, consumers and regulators are all more demanding now

Henny Sender

June 26, 2023 17:00 JST

Joe Tsai's advantage of understanding both the U.S. and China means far less than it did in the early days of Alibaba. © Reuters

Henny Sender is a strategic consultant to financial services companies and was previously a managing director at investment company BlackRock and a correspondent for the Financial Times.

When times were good, there were few figures who were held in as high regard on both sides of the Pacific as Joe Tsai, Jack Ma's partner in the creation and cultivation of Alibaba Group Holding and its financial affiliate, Ant Group.