SoftBank’s Masayoshi Son steps down from Alibaba’s board, weeks after Jack Ma quit Japanese firm’s board

//SoftBank’s Masayoshi Son steps down from Alibaba’s board, weeks after Jack Ma quit Japanese firm’s board

SoftBank’s Masayoshi Son steps down from Alibaba’s board, weeks after Jack Ma quit Japanese firm’s board

SoftBank Group Corp. founder Masayoshi Son said he has departed the board of Chinese e-commerce titan Alibaba Group Holding as of Thursday, saying he is “graduating” from his most successful investment by far.The billionaire told shareholders in Tokyo he is leaving just as Alibaba co-founder Jack Ma himself quits SoftBank’s board, but that didn’t signify any disagreements between the two billionaires. Alibaba, in which SoftBank invested early on and is now worth roughly US$600 billion, remains…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-06-25T03:59:07+00:00 June 25th, 2020|Technology|Comments Off on SoftBank’s Masayoshi Son steps down from Alibaba’s board, weeks after Jack Ma quit Japanese firm’s board