Alibaba Co-Founder Tsai’s Family Office Backed FTX, SCMP Says

The family office of Alibaba Group Holding Ltd. co-founder Joe Tsai was among backers of FTX, South China Morning Post reported late Friday, citing a fresh bankruptcy filing for the crypto company.

Blue Pool Capital, which manages the personal fortune of Tsai, took equity shares in two FTX funding rounds, one for FTX Trading in October 2021 and another for FTX US in January 2022, the newspaper said, citing a Jan. 9 court filing.

The value of Blue Pool’s investments wasn’t clear, the paper said. The two rounds were led by big venture capital firms including Sequoia Capital, Singapore state ...