Alibaba’s Jack Ma resigns from Softbank


Jack Ma, a Chinese billionaire, is resigning from the board of Softbank Group Corporation, a Japanese technology company that has been struggling to invest in risky joint ventures such as WeWork.

Tokyo-based Softbank announced the resignation of Jack Ma on Monday before releasing its financial results. However, he did not say why he was leaving.

Jack Ma, the co-founder of Chinese e-commerce giant Alibaba, is currently focused on humanitarian work. He has donated masks and corona test kits to various countries as part of his support in the fight against the coronavirus epidemic.

Meanwhile, Softbank has announced the names of three new board members following the resignation of Jack Marr.
Note that Softbank is one of the biggest investors in Alibaba. Masayoshi Son, the company’s chief executive, and founder had a close relationship with Jack Marr, who joined the Softbank board in 2006.
Category and Tags
Add a comment
More stories by
What are the best ways to find out about hidden cameras in hotel rooms?

The hidden camera hidden in the hotel room does not give any clue as to when offensive pictures or videos of women are being taken. And these cameras are hidden in places that are mostly used by women but in places w...

4,500 Chinese games dropped from the App Store

Under the pressure of China's new internet policy, the US technology company Apple has been forced to remove 4,500 games from the Apple Store in that country. As a result, the US technology company may face financial losses. There are about 60,000 ga

Fahim's killer identified, arrested at any time

Although the killer of Fahim Saleh, co-founder of the share riding app Pathao, has not yet been caught, New York police have been able to identify them. A police source said they would be able to arrest him at any ti...

Why do the South Korean elite send their children abroad?

Written By: Jihyun Sohn (손지현)I think I’m pretty qualified to answer this question, considering I studied abroad, despite being more ‘upper middle-class’ than actually ‘elite’.

The head of Tesla called the Amazon chief a 'copycat'

Amazon is buying Jukes, an auto-driving technology company, for 120 crore US dollars.

Follow Business Habit on Facebook, Twitter