Delivering Alpha 2021

Alibaba's Tsai: Chanos withstanding 'pain' for shorting our stock

Tsai: Chanos doesn't understand our business

Alibaba's Joseph Tsai said he respects short-seller Jim Chanos because he has endured "pain" shorting the Chinese e-commerce giant's stock. 

"You've got to pay a lot of respect to him to withstand that kind of pain," Tsai, Alibaba executive vice chairman, said Tuesday at the Delivering Alpha conference sponsored by CNBC and Institutional Investor.

Alibaba's U.S.-traded shares have climbed more than 50 percent in the last year. 

Earlier Tuesday, Chanos from Kynikos Associates once again criticized Alibaba's business model, claiming investors do not see full disclosure of the company's financials. He said he is concerned that Alibaba is growing its balance sheet faster than its business, in particular criticizing its logistics arm. 

Tsai said later in the day that Alibaba has given "full disclosure" about its logistics business' financials. 

"He doesn't seem to try to understand the business and understand the power of the digital economy in China," Tsai said, inviting Chanos to come to the company's headquarters.