(Hangzhou Bloomberg) Cai Chongxin, who has multiple identities in the business community, will be the chairman of the board of directors of Alibaba Group.As Ali is in fierce competition, analysts are generally optimistic that this personnel change can drive companies to reverse the predicament.
Alibaba announced on Tuesday (June 20) that high -level positions have moved.
Cai Chongxin will replace Zhang Yong, currently the chairman of Ali's board of directors and CEO (CEO) as the chairman of the board of directors.Wu Yongming will take over as CEO.
Cai Chongxin, 59, enjoys a reputation on Wall Street.He bought the Brooklyn Net Team, and was also the owner of the San Diego SEAC hockey and the New York Liberal Women's Professional Basketball Team.He is also an important participant in blockchain technology investors and Manhattan commercial real estate.This close connection with the United States is quite rare in Chinese business circles.
Cai Chongxin was born in Taiwan and moved to the United States in his teens.According to the official website of Ali, Cai Chongxin has the qualifications of a lawyer in New York State in the United States, and has a bachelor's degree in economics and East Asian research in Yale College and a PhD in law from Yale Law School.
After graduating from Yale University, Cai Chongxin has served as a tax lawyer at Sullivan Cromwell at the law firm in New York, and then joined the private equity company RoseCliff as the chief legal adviser.Later, I went to Hong Kong to serve as the main investment company in the Valenburg family in Sweden.
Cai Chongxin and Ma Yun met in 1999 and co -founded Alibaba.He served as the chief financial officer for 14 years in Ali and became the executive vice chairman of the board of directors in 2013.
Bloomberg reported that Huang Mingwei, a former special assistant of Alibaba founder Ma Yun, said in an interview that Cai Chongxin's background and skills made him in a very favorable position and help the company "build a bridge between China and the world."
Analysts are generally optimistic about the changes in Ali's high -level personnel.Some analysts said that investors must first see Ali's good performance.
Analysts of the US Investment Bank Benchmark Co. said that they believe that Cai Chongxin's successor will be the chairman of Cai will help enhance investors' confidence.
36 氪 article states that Cai Chongxin's global vision and investment ability, coupled with Wu Yongming's technical insights and investment capabilities, will become the key to Ali's discovery and promotion of new technologies and incubating innovation business.
