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Alibaba Co-Founder Jack Ma to Leave SoftBank’s Board

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Alibaba Co-Founder Jack Ma to Leave SoftBank’s Board

Alibaba Group Holding Ltd. co-founder Jack Ma is stepping down from the board of technology investment company SoftBank Group Corp., the latest confidant of SoftBank Chief Executive Masayoshi Son to depart.

SoftBank said Monday that Mr. Ma, who has served on the board for 13 years, would resign June 25, when the company holds its annual shareholder meeting.

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