Jack Ma quits board of Japan’s struggling SoftBank

Jack Ma quits board of Japan’s struggling SoftBank

SoftBank Group Corp said Monday that Alibaba co-founder Jack Ma has resigned from its board. The disclosure came just hours before the company was preparing to announce a major financial hit to its annual results from the coronavirus and a slump in the tech sector. The company also announced that it was buying back its own shares, of up to $4.7 billion in value, to shore up its bottom line.

Timothy 1 weeks

I wish my country would give me billions in free money so I could copy Amazon and tell everyone I’m self made. Instead of being part of 80 million gangsters in the CCP stealing from everyone else I have to work hard and my only relationship with Amazon is the bill my family racks up every month.

FirstCensorshipThenJail 1 weeks

They would do better having a box of hammers on the boarded instead of Jack "The hillbilly" Ma. I think the hammers have a higher IQ score.

pastorious 1 weeks

Japanese made a mistake trusting Chinese. You thought they would have learned.

Dr. Ötker
Dr. Ötker 1 weeks

Is Softbank the one funding WeWork?

Top in Business
Get the App