Latest Masayoshi Son 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...

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...