Tuesday, 26 May 2020

Alibaba's Jack Ma resigns from SoftBank board

Alibaba's Jack Ma resigns from SoftBank board

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.

The departure of Ma, who retired as Alibaba's executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy.

Alibaba Group Holding Limited is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.

Founded: 4 April 1999, Hangzhou, China
CEO: Daniel Zhang

Jack Ma, or Ma Yun, is a Chinese business magnate, investor and politician. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate.

SoftBank Group Corp. is a Japanese multinational conglomerate holding company headquartered in Tokyo.
CEO: Masayoshi Son (Feb 1986–)
Owner: Masayoshi Son (21.21%)
Founder: Masayoshi Son
Founded: 3 September 1981, Tokyo, Japan
Headquarters: Minato City, Tokyo, Japan