Latest Jack Ma News

FILE - In this June 18, 2015, file photo, Softbank Corp. CEO Masayoshi Son, right, Alibaba Group Executive Chairman Jack Ma, left, of China with Foxconn Chairman and CEO Terry Gou of Taiwan pose for photographers with Softbank's Pepper robot during a press conference in Maihama, near Tokyo. Son, the chief executive of Japanese technology company SoftBank Group Corp. said Thursday, June 25, 2020, that he is stepping down from the board of Chinese e-commerce giant Alibaba. (AP Photo/Shizuo Kambayashi)

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

Jun. 25, 2020 7:10 AM EDT

TOKYO (AP) — 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 emphasized that the decision...

Workers wearing face masks to help protect against the spread of the new coronavirus stage a rally against the government's labor policy in Seoul, South Korea, Wednesday, June 10, 2020. The letters head bands read

The Latest: SKorea reports 45 new COVID cases, most in Seoul

Jun. 10, 2020 10:25 PM EDT

SEOUL, South Korea — South Korea is reporting 45 new cases of COVID-19, all but two of them in the capital region, continuing a weekslong resurgence that health authorities fear could develop into a huge wave. The figures announced Thursday bring national totals to 11,947 cases and 276 deaths. The capital...

Students wearing face masks to help protect against the spread of the new coronavirus stand in a line to have their body temperatures checked before entering their classrooms at a middle school in Chungju, South Korea, Monday, June 8, 2020. (In Jin-hyun/Newsis via AP)

The Latest: SKorea requires QR codes at 'high-risk' venues

Jun. 9, 2020 10:44 PM EDT

SEOUL, South Korea -- South Korea has reported 50 new cases of COVID-19 as officials begin requiring nightclubs, karaoke rooms and gyms to register their customers with smartphone QR codes so they could be easily located when needed. The figures from the Korea Centers for Disease Control and Prevention on...

In this photo released by Xinhua News Agency, workers unload donations from Jack Ma Foundation and Alibaba Foundation at the Blaise Diagne International Airport in Dakar, Senegal, on Saturday, March 28, 2020. As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, founder of e-commerce giant Alibaba Group and a member of the ruling Communist Party, helped to pay for 1,000 ventilators delivered to New York in April. Ma's foundation also is giving ventilators, masks and other supplies in Africa, Latin America and Asia.(Eddy Peters/Xinhua via AP)

China's companies emerge as global donors in virus pandemic

Jun. 9, 2020 6:42 AM EDT

BEIJING (AP) — As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, founder of e-commerce giant Alibaba Group and a member of the ruling Communist Party, helped to pay for 1,000 ventilators delivered to New York in April. Ma's foundation also is giving...

In this Oct. 8, 2019 photo, a person walks by a SoftBank shop in Tokyo. Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments, including troubled office space-sharing venture WeWork. (AP Photo/Eugene Hoshiko)

SoftBank racks up losses as Vision Fund investments plunge

May. 18, 2020 5:23 AM EDT

TOKYO (AP) — Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to its Vision Fund investments including troubled office space-sharing venture WeWork. SoftBank, founded in 1981, said Monday the drop in...

FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. 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. (AP Photo/Thibault Camus, File)

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

May. 18, 2020 1:57 AM EDT

TOKYO (AP) — 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...