Who is Joseph Tsai, who has been named as Alibaba's next Chairman?

Alibaba Group on Tuesday said Chairman Daniel Zhang will be succeeded by Joseph Tsai. One of the Co-founders of Alibaba Group, 59-year-old Taiwan-born Tsai studied at Yale University, where he received his undergraduate and law degrees. After graduating, Tsai joined law firm Sullivan & Cromwell as a tax associate and later joined buyout firm Rosecliff before moving to Hong Kong.