# Alibaba’s Jack Ma resigns from SoftBank board.
Alibaba co-founder Jack Ma will be resigning from SoftBank board of directors. Jack Ma serving for nearly 13 years in the board. Ma is expected to resign from the Group’s board on June 25. The news comes as the group posted record financial loss of USD 13 billion. Jack Ma had retired as the Executive Chairman of Alibaba in September 2019.
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