Jack Ma leaves SoftBank board after 13 years

Independent directors named as CEO Son tries to boost confidence after big loss

20200518 son and ma2

SoftBank founder and chairman Masayoshi Son and Alibaba Group Holding co-founder Jack Ma at Tokyo University in 2019 (Photo by Ken Kobayashi)

WATARU SUZUKI, Nikkei staff writer

TOKYO -- SoftBank Group is ending an era of close involvement with Jack Ma, saying on Monday that the Alibaba Group Holding co-founder would leave its board after 13 years.

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