SoftBank CEO Masayoshi Son Quits Alibaba Board


TOKYO—SoftBank Group Corp. Chief Executive Masayoshi Son said he would step down as a director of Chinese e-commerce giant Alibaba Group Holding Ltd., bringing to a close a decade and a half of board-level ties between the two Asian technology powerhouses.

Mr. Son’s announcement, which he made at the end of SoftBank’s annual shareholder meeting on Thursday, follows the resignation—disclosed last month—of Alibaba co-founder Jack Ma from SoftBank’s board.



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