Softbank founder Masayoshi Son leaves Alibaba board

SoftBank Group founder Masayoshi Son announced Thursday he was leaving the board of Alibaba as Jack Ma, the charismatic co-founder of the Chinese e-commerce giant, also leaves SoftBank's board.

Masayoshi made the unexpected move at SoftBank Group's shareholders' meeting after his company said last month Jack Ma was leaving its board, effective June 25.

Masayoshi invested $20 million in Alibaba in 2000. As of Wednesday, Masayoshi said SoftBank held a stake worth 16.2-trillion-yen ($151 billion) in Alibaba.

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