Alibaba’s Jack Ma resigns from Softbank board

By Emma Lee

Japan’s Softbank Group said Monday that Alibaba co-founder Jack Ma has resigned from its board, a role that he held for 13 years, on the same day that it announced a JPY 500 billion ($4.7 billion) share buyback.

Why it matters: Ma’s resign…

Sony’s Playstation Store suspends services in China

By Wei Sheng

Japanese gaming giant Sony suspended services for its Chinese Playstation Store on Sunday for “system security reasons.”

Why it matters: China is stepping up regulations on foreign games. The suspension follows orders from authorities to r…

Didi is close to $300 million deal with Softbank

By Jill Shen

Chinese mobility service provider Didi Chuxing has reportedly been in talks with Softbank for $300 million in fresh funding for its autonomous driving unit.

Why it matters: The investment is a vote of confidence in a Chinese AV startup during a low …