Alibaba's Jack Ma to Leave Softbank Board

SoftBank (OTC: SFTBY), the Japanese tech company, is losing Alibaba (NYSE: BABA) co-founder Jack Ma as a board member.

In conjunction with reporting fiscal year ending March 31 results, SoftBank said that after thirteen years on the board Ma will resign effective June 25, 2020. Ma's departure comes at a time when the executive, who retired from Alibaba this past fall, is focusing more on his philanthropic efforts.

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