Alibaba

Jack Ma, chairman of Alibaba group, sings a song during an event to mark the 20th anniversary of Alibaba in Hangzhou in China’s eastern Zhejiang province. Photo: GettyAlibaba founder and Michael Jackson enthusiast, Jack Ma, is stepping down from his role on Softbank’s board just as the company is reporting…

Alibaba founder and Michael Jackson enthusiast Jack Ma is stepping down from his role on Softbank’s board just as the company is reporting the biggest losses in its history. The company announced that Ma is set to resign June 25, a departure that comes as Softbank continues to reel from its…

SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his $100 billion Vision Fund - although he gave few clues on which ones they would be.Announcing a record annual loss for his tech conglomerate, and an…

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in TokyoBy Sam NusseyTOKYO (Reuters) - SoftBank Group Corp CEO Masayoshi Son on Monday pinned his hopes on a small group of "winged unicorns" to save the performance of his…

Jack Ma waves on an occasion utterly unrelated to his departure from SoftBank's Board Alibaba co-founder Jack Ma will step down from the board of Japanese tech conglomerate SoftBank after a 13-year stint. Ma and SoftBank's founder, Masayoshi Son, have been close friends since SoftBank's bet on Alibaba in 2000.…

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…