Alibaba's Jack Ma quits SoftBank’s board as its Vision Fund posts a record $18 billion loss

[tacobell fan]

• Alibaba’s Jack Ma, China’s richest man, is stepping down from the board of SoftBank on June 25. 
• SoftBank’s Vision Fund reported losses of $18 billion on Monday, while the SoftBank Group as a whole had losses of $13 billion.
• Big bets on companies like Uber, WeWork and Oyo have not paid off for the SoftBank Vision Fund. 

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