Alibaba co-founder Joseph Tsai to reduce stake in company

Alibaba co-founder Joseph Tsai to reduce stake in company

FILE PHOTO: Joseph Tsai, Executive Vice Chairman of Alibaba Group, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake

Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan Stanley, Bloomberg News reported on Friday.