Alibaba’s Jack Ma Resigns From SoftBank Board

Alibaba’s Jack Ma Resigns From SoftBank Board
Jack Ma, chairman of Alibaba Group attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, on Jan. 23, 2019. Arnd Wiegmann/Reuters
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TOKYO—SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy.