Many people believe that without Joseph Tsai, Alibaba would not survive the Dot-com bubble at the turn of the century, let alone become a company for 102 years.
As a fundraising expert, people call Joseph Tsai the God of Wealth of Alibaba. To describe Joseph Tsai simply, it is "to increase capital and afford to invest."
Reviewing Alibaba's entrepreneurial process, Joseph Tsai has operated four capital increases. Almost always trying to turn the tide.
Ali's first financing was obtained by Joseph Tsai.
In 1999, Jack Ma and 18 other partners from different backgrounds founded Alibaba. But at the beginning of its establishment, Alibaba was in dire straits, but its weakness was the lack of investment.
After joining, Joseph Tsai, a former senior executive of Goldman Sachs, successfully realized financing through his own contacts and helped Ali obtain a round A financing of $5 million on December 1, 1999. This investment is led by Goldman Sachs Group.
What is unknown is that Joseph Tsai almost built Alibaba's company registration, early management structure and capital structure.