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- Jack Ma is resigning from SoftBank's board of directors effective June 25.
- Ma has been a director at SoftBank for 13 years.
- News of his departure came just as SoftBank posted a $13 billion loss, while Softbank's flagship vision fund suffered a $17.7 billion loss.
- Visit Business Insider's homepage for more stories.
Alibaba founder and China's richest man Jack Ma has left SoftBank's board of directors. The news comes just as the company announced it has suffered a record financial loss of $13 billion.
Ma served on SoftBank's board for the past 13 years, and will officially resign on June 25 per a document from SoftBank.
See the rest of the story at Business Insider
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