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Alibaba Chairman Joe Tsai Divorces; Says He Has No Plans to Sell Shares and Will Keep His Role

2026-08-01·newswire-us-stock-083002
Alibaba Chairman Joe Tsai Divorces; Says He Has No Plans to Sell Shares and Will Keep His Role.

Alibaba Group Chairman Joe Tsai, 62, and his wife, Clara Wu Tsai, have announced that they are ending their nearly 30-year marriage, according to a report by The Paper. In a statement, their representatives said the decision was mutual and that the two continue to have great respect for each other.

Their relationship had evolved over the years into a partnership in which they jointly ran their businesses and raised their children. The representatives said their differences had increased, but described the divorce as amicable and said they remain close professional partners.

Tsai will remain chairman of Brooklyn Sports & Entertainment, while Wu Tsai will remain vice president. Tsai will continue as chairman of the Brooklyn Nets, and Wu Tsai will remain chair of the New York Liberty. They will continue to own and manage the teams, which will continue to be operated by professional teams.

The couple also plans to involve their three adult children in the related businesses. Regarding Alibaba, the statement said there are no plans to sell Alibaba shares and that Tsai will continue as chairman of Alibaba Group, with no effect on his position.

According to Alibaba's financial report for the fiscal year ended March 2026, Tsai held a total of 270 million Alibaba shares through various forms of ownership, representing about 1.43% of the company's issued shares. The holdings included beneficial ownership, spousal interests and interests held through controlled corporations.

The report identified 1.28 million shares as spousal interests, equal to 0.01% of Alibaba's issued shares. Alibaba's website says Tsai joined the company in 1999 and is one of its founders. He has served on the board since the company's founding. He was chief financial officer until 2013 and executive vice chairman until September 2023.

He is currently chairman of Alibaba Group and is one of the founding partners of Alibaba's partnership system. The supplied source text becomes incomplete after stating that he is also associated with an Alibaba Group affiliated company; it does not identify that company.

From 1995 to 1999, Tsai worked in private equity in Asia at Investor AB, the investment company of Sweden's Wallenberg family. Before that, he was chief legal officer at New York management-buyout firm Rosecliff Inc. From 1990 to 1993, he worked as a lawyer in the tax group of New York-based international law firm Sullivan & Cromwell LLP.

Tsai is licensed to practice law in New York and holds a bachelor's degree in economics and East Asian studies from Yale College and a law degree from Yale Law School.

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Alibaba Chairman Joe Tsai Divorces; Says He Has No Plans to Sell Shares and Will Keep His Role

Alibaba Group Chairman Joe Tsai, 62, and his wife, Clara Wu Tsai, have announced that they are ending their nearly 30-year marriage, according to a report by The Paper. In a statement, their representatives said the decision was mutual and that the two continue to have great respect for each other. Their relationship had evolved over the years into a partnership in which they jointly ran their businesses and raised their children. The representatives said their differences had increased, but described the divorce as amicable and said they remain close professional partners. Tsai will remain chairman of Brooklyn Sports & Entertainment, while Wu Tsai will remain vice president. Tsai will continue as chairman of the Brooklyn Nets, and Wu Tsai will remain chair of the New York Liberty. They will continue to own and manage the teams, which will continue to be operated by professional teams. The couple also plans to involve their three adult children in the related businesses. Regarding Alibaba, the statement said there are no plans to sell Alibaba shares and that Tsai will continue as chairman of Alibaba Group, with no effect on his position. According to Alibaba's financial report for the fiscal year ended March 2026, Tsai held a total of 270 million Alibaba shares through various forms of ownership, representing about 1.43% of the company's issued shares. The holdings included beneficial ownership, spousal interests and interests held through controlled corporations. The report identified 1.28 million shares as spousal interests, equal to 0.01% of Alibaba's issued shares. Alibaba's website says Tsai joined the company in 1999 and is one of its founders. He has served on the board since the company's founding. He was chief financial officer until 2013 and executive vice chairman until September 2023. He is currently chairman of Alibaba Group and is one of the founding partners of Alibaba's partnership system. The supplied source text becomes incomplete after stating that he is also associated with an Alibaba Group affiliated company; it does not identify that company. From 1995 to 1999, Tsai worked in private equity in Asia at Investor AB, the investment company of Sweden's Wallenberg family. Before that, he was chief legal officer at New York management-buyout firm Rosecliff Inc. From 1990 to 1993, he worked as a lawyer in the tax group of New York-based international law firm Sullivan & Cromwell LLP. Tsai is licensed to practice law in New York and holds a bachelor's degree in economics and East Asian studies from Yale College and a law degree from Yale Law School.

Alibaba Group Chairman Joe Tsai, 62, and his wife, Clara Wu Tsai, have announced that they are ending their nearly 30-year marriage, according to a report by The Paper.

In a statement, their representatives said the decision was mutual and that the two continue to have great respect for each other. Their relationship had evolved over the years into a partnership in which they jointly ran their businesses and raised their children. The representatives said their differences had increased, but described the divorce as amicable and said they remain close professional partners.

Tsai will remain chairman of Brooklyn Sports & Entertainment, while Wu Tsai will remain vice president. Tsai will continue as chairman of the Brooklyn Nets, and Wu Tsai will remain chair of the New York Liberty. They will continue to own and manage the teams, which will continue to be operated by professional teams. The couple also plans to involve their three adult children in the related businesses.

Regarding Alibaba, the statement said there are no plans to sell Alibaba shares and that Tsai will continue as chairman of Alibaba Group, with no effect on his position.

According to Alibaba's financial report for the fiscal year ended March 2026, Tsai held a total of 270 million Alibaba shares through various forms of ownership, representing about 1.43% of the company's issued shares. The holdings included beneficial ownership, spousal interests and interests held through controlled corporations. The report identified 1.28 million shares as spousal interests, equal to 0.01% of Alibaba's issued shares.

Alibaba's website says Tsai joined the company in 1999 and is one of its founders. He has served on the board since the company's founding. He was chief financial officer until 2013 and executive vice chairman until September 2023. He is currently chairman of Alibaba Group and is one of the founding partners of Alibaba's partnership system. The supplied source text becomes incomplete after stating that he is also associated with an Alibaba Group affiliated company; it does not identify that company.

From 1995 to 1999, Tsai worked in private equity in Asia at Investor AB, the investment company of Sweden's Wallenberg family. Before that, he was chief legal officer at New York management-buyout firm Rosecliff Inc. From 1990 to 1993, he worked as a lawyer in the tax group of New York-based international law firm Sullivan & Cromwell LLP. Tsai is licensed to practice law in New York and holds a bachelor's degree in economics and East Asian studies from Yale College and a law degree from Yale Law School.

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