Alibaba Chairman Joe Tsai and Clara Wu Tsai are divorcing after nearly 30 years of marriage. A spokesperson confirmed the decision is mutual and amicable. The couple describes their relationship as a partnership focused on business and family.

The separation will not impact business operations for Alibaba or other assets. Joe Tsai remains chairman of the company. The couple does not plan to sell any Alibaba shares.

Ownership and leadership roles for the Brooklyn Nets and New York Liberty will remain unchanged.