Softbank Group has announced that Chinese billionaire Jack MA will leave the Board of Directors of the Japanese telecommunications company (.pdf). Officially it will take place on the 25th of June, when there will be the formation of a new Board.Mr. MA joined the Board of Softbank in 2007. The companies are linked to each other since 2000, when CEO and founder of Japanese companies, Japan’s Dream decided to invest in Chinese online marketplace Alibaba $20 million At the moment Softbank owns about 25% of the shares of the company, whose market value now is about $546 billion As stated in Softbank, the initiative of the resignation of Mr. MA from the Board of Directors of the company come from the billionaire. Last fall, he left the position of head of the Board of Directors of Alibaba. According to the official version!, Mr MA intends to engage in charitable activities.About how Softbank lost $6.5 billion due to investments in WeWork, Uber and other companies, read in the material “Kommersant”.Cyril Saramartisakis the principles of Chinese businessman Jack Machetti next
