JACK MA RESIGNS FROM SOFTBANK BOARD

Highlights

• Jack Ma served on the board of SoftBank for over a decade

• SoftBank Group announced operating losses worth $12.7 billion for the fiscal year ended on March 31

Hours after SoftBank announced the largest loss in its history, which is also one of the largest ever by a Japanese company, Jack Ma the Chinese business tycoon and the co-founder of the Chinese e-commerce company Alibaba resigned fro....