Alibaba

Jack Ma is resigning from SoftBank's board of directors effective June 25.Ma has been a director at SoftBank for 13 years.News of his departure came just as SoftBank posted a $13 billion annual operating loss, with the investing giant's flagship Vision Fund suffering a $17.7 billion loss.Visit Business Insider's homepage…

Japan's SoftBank Group Corp on Monday reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets slid below cost, pushing the group to its largest-ever loss.The fund's $75 billion investment in 88 startups were worth $69.6 billion at the end of…

Business FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato 18 May 2020 02:40PM(Updated: 18 May 2020 07:46PM) TOKYO: Japan's SoftBank Group Corp reported a stunning US$18 billion loss at its giant Vision Fund, pushing Masayoshi…

Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWorkBy YURI KAGEYAMA AP Business WriterMay 18, 2020, 5:57 AM2 min readTOKYO -- Chinese billionaire Jack Ma is stepping down from the…

SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma’s resignation will be effective on June 25, the date of SoftBank Group’s annual shareholder meeting. The company did not give a reason for the…

May 18, 2020, 4:15 PM Top News More: The Irish Times, CNBC, Business Insider, The Verge, SiliconANGLE, CNET, TheStreet, Engadget, GeekWire, Ars Technica, Gizmodo, KnowTechie, Axios, iPhone in Canada Blog, Layoffs.fyi, and PYMNTS.com More: The Verge, Reuters, SiliconANGLE, Tom's Hardware, MacRumors, Fortune, Wall Street Journal, Bloomberg, Android Authority, Android Central,…

Jack Ma retired as Alibaba's executive chairman in SeptemberSoftBank 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 Mr Ma, who retired as Alibaba's executive chairman in September, comes as…

TOKYO (Reuters) - 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. FILE PHOTO: Jack Ma, chairman of Alibaba Group attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland,…

Amazon founder and CEO Jeff Bezos could potentially become the worlds first trillionaire as early as 2026, at which point he will be aged 62, says a study. The study titled ‘The Trillion Dollar Club’ was conducted by Comparisun. The 56-year-old is the world’s richest person right now and as per…

The study predicts that Mukesh Ambani, Chairman and Managing Director of Reliance Industries, maybe the fifth person in the world to become a trillionaire A study titled ‘The Trillion Dollar Club’ was conducted by Comparisun and it has predicted that Jeff Bezos, Founder and CEO, Amazon, could become the world’s…