Live Updates: COVID-19 Cases
  • World 19,569,109
    World
    Confirmed: 19,569,109
    Active: 6,281,159
    Recovered: 12,563,400
    Death: 724,550
  • USA 5,095,748
    USA
    Confirmed: 5,095,748
    Active: 2,314,186
    Recovered: 2,617,458
    Death: 164,104
  • Brazil 2,967,064
    Brazil
    Confirmed: 2,967,064
    Active: 798,968
    Recovered: 2,068,394
    Death: 99,702
  • India 2,091,549
    India
    Confirmed: 2,091,549
    Active: 619,750
    Recovered: 1,429,178
    Death: 42,621
  • Russia 882,347
    Russia
    Confirmed: 882,347
    Active: 177,286
    Recovered: 690,207
    Death: 14,854
  • South Africa 545,476
    South Africa
    Confirmed: 545,476
    Active: 140,808
    Recovered: 394,759
    Death: 9,909
  • Mexico 469,407
    Mexico
    Confirmed: 469,407
    Active: 104,710
    Recovered: 313,386
    Death: 51,311
  • Peru 463,875
    Peru
    Confirmed: 463,875
    Active: 128,894
    Recovered: 314,332
    Death: 20,649
  • Chile 368,825
    Chile
    Confirmed: 368,825
    Active: 16,699
    Recovered: 342,168
    Death: 9,958
  • Spain 361,442
    Spain
    Confirmed: 361,442
    Active: 332,939
    Recovered: ?
    Death: 28,503
  • Iran 322,567
    Iran
    Confirmed: 322,567
    Active: 24,711
    Recovered: 279,724
    Death: 18,132
  • UK 309,005
    UK
    Confirmed: 309,005
    Active: 262,494
    Recovered: ?
    Death: 46,511
  • Saudi Arabia 285,793
    Saudi Arabia
    Confirmed: 285,793
    Active: 33,752
    Recovered: 248,948
    Death: 3,093
  • Pakistan 283,487
    Pakistan
    Confirmed: 283,487
    Active: 17,815
    Recovered: 259,604
    Death: 6,068
  • Bangladesh 255,113
    Bangladesh
    Confirmed: 255,113
    Active: 105,144
    Recovered: 146,604
    Death: 3,365
  • Italy 249,756
    Italy
    Confirmed: 249,756
    Active: 12,924
    Recovered: 201,642
    Death: 35,190
  • Turkey 238,450
    Turkey
    Confirmed: 238,450
    Active: 11,063
    Recovered: 221,574
    Death: 5,813
  • Germany 216,315
    Germany
    Confirmed: 216,315
    Active: 9,661
    Recovered: 197,400
    Death: 9,254
  • France 197,921
    France
    Confirmed: 197,921
    Active: 84,761
    Recovered: 82,836
    Death: 30,324
  • Canada 118,985
    Canada
    Confirmed: 118,985
    Active: 6,580
    Recovered: 103,435
    Death: 8,970
  • China 84,596
    China
    Confirmed: 84,596
    Active: 839
    Recovered: 79,123
    Death: 4,634
  • Netherlands 57,501
    Netherlands
    Confirmed: 57,501
    Active: 51,347
    Recovered: ?
    Death: 6,154
  • Australia 20,697
    Australia
    Confirmed: 20,697
    Active: 9,099
    Recovered: 11,320
    Death: 278
  • S. Korea 14,562
    S. Korea
    Confirmed: 14,562
    Active: 629
    Recovered: 13,629
    Death: 304
  • New Zealand 1,569
    New Zealand
    Confirmed: 1,569
    Active: 23
    Recovered: 1,524
    Death: 22

Alibaba’s Jack Ma quits board of Japan’s struggling SoftBank

Author at TechGenyz Investing
Jack Ma
Alibaba Co-founder Resigns Softbank

Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments such as office-sharing venture WeWork.

Tokyo-based SoftBank announced Ma’s resignation Monday, ahead of releasing financial results. It did not say why he was leaving.

Ma, co-founder of Chinese eCommerce giant Alibaba, has been focusing on philanthropy lately, such as donating masks and test kits to help in the efforts against the new coronavirus pandemic.

SoftBank announced three new board members, including SoftBank Chief Financial Officer Yoshimitsu Goto and Waseda University professor Yuko Kawamoto.

Another new member is Lip-Bu Tan, founder of Walden International, a venture capital firm focused on computer chips, cloud and artificial intelligence. He is also chief executive of Cadence Design, a US electronic design automation software and engineering services company.

Also Monday, SoftBank said it was buying back its own shares, of up to 500 billion yen (USD 4.7 billion) in value, to shore up its bottom line.

SoftBank is a major investor in Alibaba. Ma, who joined the SoftBank board in 2007, has a close relationship with SoftBank founder and Chief Executive Masayoshi Son. (AP)

Career

Subscribe