Categories
Ecommerce

SoftBank CEO Masayoshi Son quits Alibaba board [Video]

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.

Both resignations are effective Thursday. Mr. Son said the parting of ways was smooth and he hadn't lost confidence in Alibaba, in which SoftBank is the biggest shareholder with a roughly 25% stake.

SOFTBANK KICKS OFF $21B SALE OF T-MOBILE SHARES

"I hope we continue to hold as many Alibaba shares as we can, for as long as we can," Mr. Son told shareholders at a meeting held online in order to prevent spreading the coronavirus.

The resignations loosen ties at the top, even as …

Watch/Read More
Categories
Ecommerce

Laurence Fox hits back at criticism for wearing mask exemption badge: 'Educate yourself' | Celebrity News | Showbiz & TV [Video]

LAURENCE FOX - actor and politician - began trending on Twitter today after uploading a photograph of himself wearing a COVID 'mask exemption' badge that he had obtained from Amazon, and has now responded to criticism he received from a Conservative MP over the divisive post.

Categories
Ecommerce

American entrepreneur Rachel Tipograph is the co-founder of MikMak, one of the fastest-growing woman-led startups of 2020-21.