by Tyler Durden Friday, Mar 12, 2021 - 08:17 AM The government-sponsored crackdown on China's tech behemoths roared back into gear on Friday as Simon Hu, the head of Alibaba's Ant Group (the payments group that saw its spinoff IPO unceremoniously canceled by President Xi and the CCP last year), abruptly resigned, while Tencent - another member of the Chinese tech giant pantheon - has reportedly been put on notice. Hu - who was brought on by Alibaba in late 2019 to run Ant Group during an executive reshuffle - was supposed to lead the financial group to post-spinoff success, with ambitions of...