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
More stories by
Down: Facebook, Instagram, Messenger: Massive outage caused by meta platforms that abruptly stop functioning

It looks that parent company Meta is experiencing a significant outage that has affected Facebook, Instagram, and Messenger.Users discovered that they couldn't load the websites or apps normally. Affected users discovered that Instagram would not fun

Elon Musk lost the Richest person's crown! Who behind ?

World's Richest Man: For the first time since 2021, Amazon.com Inc. founder Bezos, 60, has topped Bloomberg's ranking of the richest people.Elon Musk is suddenly under pressure. For ...

Just when 5G network deployment is almost complete, telcos are already discussing "5.5G."

Spain's BARCELONA The deployment of 5G wireless mobile networks has not yet been completed by telecom providers. Nevertheless, leaders of significant carriers are already discussing the development of "5.5G," or "5G Advanced," technology.At the Mobil

Google Gemini's product lead withdraws from social media following an unsettling AI product launch that resulted in abuse

Important PointsJack Krawczyk, the Gemini Product Lead, has deleted content from his social media accounts in response to a recent wave of hostility.Elon Musk, the owner of social networking platform X, among other public figures and users have been

VR apps are tried in emergency evacuation drills at Japanese universities

In the Japanese prefecture of Fukushima in the northeast, a disaster evacuation drill utilizing an augmented reality app was conducted on Sunday. At an Iwaki City mall, about 110 locals and students gathered to test ...

Follow Business Habit on Facebook, Twitter