Jack Ma quits board of Japan's struggling SoftBank
Shortpedia
Content Team
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Chinese billionaire Jack Ma stepped down from the board of SoftBank Group Corp, as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork. SoftBank announced three new board members, including SoftBank Chief Financial Officer Yoshimitsu Goto and Waseda University professor Yuko Kawamoto. The firm said it was buying back its own shares, of up to 500 billion yen ($4.7 billion).
