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SoftBank's Son leaves Alibaba board following Jack Ma's departure

SoftBank is a major investor in Alibaba and Son joined Alibaba's board in 2005. Ma joined the SoftBank board in 2007

Masayoshi Son asked Visal Shekhar Sharma to take more funds than the $1.8 billion Paytm needed for expansion
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Shareholders approved the lineup of SoftBank board members, minus Ma, by a majority vote

Press Trust of India New Delhi
Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba.

Son announced the change at the end of SoftBank's general shareholders' meeting. He emphasised that the decision was a happy one and did not reflect any discord between the companies.

Last month, Alibaba founder and Chinese billionaire Jack Ma left SoftBank's board.


Son said he was graduating" from Alibaba in the same way Ma was graduating

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