25 Jun 2020 04:28PMTOKYO: SoftBank Group founder Masayoshi Son announced Thursday he was leaving the board of Alibaba as Jack Ma, the charismatic co-founder of the Chinese e-commerce giant, also leaves SoftBank's board.
"It's not because I have lost hope or that we had a fight or anything like that. Jack will graduate from us, so I should also graduate as an Alibaba board member. On the same day, effective today, I wished to retire from the board of Alibaba," Son said.Son famously invested US$20 million in Alibaba in 2000. As of Wednesday, Son said SoftBank held a stake worth 16.2-trillion-yen in Alibaba.Zhang took over the Chinese titan in September, with Ma turning his focus to philanthropy.
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