Alibaba mourns former independent director Tung Chee-hwa, hails his global vision
Alibaba Group Holding has publicly mourned the passing of Tung Chee-hwa, who served as an independent director on its board from 2014 to 2022. Tung, Hong Kong's first postcolonial chief executive, died on Tuesday at 89. Alibaba credits his global perspective with helping the e-commerce giant maintain its roots in China while expanding internationally. The company described him as a visionary leader and steadfast patriot, emphasizing his contributions to Hong Kong's development and stability.
Alibaba's tribute to former independent director Tung Chee-hwa underscores the enduring importance of political connections and strategic guidance for major Chinese tech firms. Tung, a prominent figure in Hong Kong and a vice-chairman of the Chinese People's Political Consultative Conference, brought a unique blend of global insight and national loyalty to Alibaba's board. His tenure, from 2014 to 2022, spanned a period of significant international expansion for the e-commerce giant. The company's statement highlights how Tung's perspective helped Alibaba navigate the complexities of global growth while remaining anchored in China. This reflects a broader trend among large Chinese corporations, where independent directors often bring more than just business acumen; they can also provide crucial political and governmental liaison, especially in an environment where state relations are paramount. For other Asian tech companies, this serves as a reminder of the value placed on such connections in navigating both domestic and international markets.
Related reading
6 stories
Mainland Chinese investors to drive Hong Kong wealth boom despite new tax rules: report
Tung's role highlights Hong Kong's enduring financial ties to mainland China, a trend we explored recently.

Singapore Rolls Out Over 200 AI Courses With Free Access to Selected Premium Tools

Huawei unveils latest tech to boost AI power in push to break China’s Nvidia reliance

CATL tightens supplier scrutiny in push for carbon-neutral EV batteries

China’s rocket boom turns Hainan into a space hub. Can launches fuel wider growth?

