SoftBank CEO Masayoshi Son quits seat on Alibaba board

SoftBank CEO Masayoshi Son quits seat on Alibaba board

TOKYO — SoftBank Group Corp. Chief Executive Masayoshi Son said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba Group Holding Ltd., effective the same day.

Son’s announcement, which he made at the end of SoftBank’s 9984, -0.33% annual shareholder meeting, follows the resignation — also effective Thursday but announced last month — of Alibaba BABA, -1.10% co-founder Jack Ma from SoftBank’s board.


Originally published on MarketWatch



S&P 500 
$3,130.01  (0.45%)
NASDAQ 100 
$10,341.89  (0.61%)
Dow Jones Industrial Average 
$25,827.36  (0.36%)
Apple Inc. 
$364.11  (0.00%)
Alphabet Inc. 
$1,464.70  (1.85%)
MICROSOFT CORP 
183,42 €  (-0.08%)
Tesla, Inc. 
$1,208.66  (7.95%)
Berkshire Hathaway Inc. 
$267,551.00  (0.20%)
AbbVie Inc. 
$98.88  (-0.26%)
Costco Wholesale Corporation 
$305.74  (0.32%)
Smartsheet Inc. 
$52.70  (-2.15%)
Zai Lab Limited 
$81.10  (1.76%)
Western Digital Corporation 
$42.44  (-0.02%)
NVIDIA Corporation 
$384.49  (0.86%)
Gold Aug 20 
$1,787.30  (-0.15%)
Crude Oil Aug 20 
$40.32  (-0.81%)
BTC/USD 
$9,074.06  (-0.15%)
Bitcoin Cash USD 
$221.25  (0.31%)
LTC/USD 
$41.23  (0.05%)
ETH/USD 
$225.55  (0.07%)
Dogecoin USD 
$0.0023  (0.07%)