China s Ant Group CEO Departs Amid Regulatory-Driven Revamp China s Ant Group CEO Departs Amid Regulatory-Driven Revamp Hu, who was named the chief executive of the Alibaba Group Holding in 2019, will be replaced by company veteran and Executive Chairman Eric Jing, the financial technology giant said.
Simon Hu, CEO of Ant Group, is seen on a giant screen as he delivers a speech.
China s Ant Group Chief Executive Officer Simon Hu has stepped down from his role, the company said on Friday, as the fintech giant is being pushed by regulators to revamp operations after its failed $37 billion initial public offering (IPO).