TOKYO, June 25 — SoftBank Group founder Masayoshi Son announced today 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. Son made the unexpected move at SoftBank Group’s shareholders’ meeting after his...
SoftBank Corp Chief Executive Masayoshi Son attends a news conference in Tokyo November 4, 2014. — Reuters pic
Son made the unexpected move at SoftBank Group’s shareholders’ meeting after his company said last month Ma was leaving its board, effective June 25. “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.
“The retirement of Jack and me reflects our confidence in Daniel. Complete confidence. I want to continue to hold as many Alibaba shares for as long as possible,” Son said.
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