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The chief executive of Ant Group has resigned unexpectedly amid a regulatory-driven overhaul of the Chinese financial technology group’s business. It is the first top management departure since a
Vanguard News CEO of China’s Ant Group steps down On Kindly Share This Story: The chief executive of Chinese fintech giant Ant Group has stepped down for “personal reasons”, a spokesperson from the Alibaba-affiliated online payment provider said Friday, amid growing regulatory scrutiny. Simon Hu has been replaced as CEO by Ant Group executive Eric Jing, according to the company’s updated website, just months after Chinese authorities pulled the plug on the company’s colossal Hong Kong IPO. “The Ant Group Board of Directors has accepted Mr Simon Hu’s resignation request, due to ...
China's Ant Group Chief Executive Officer Simon Hu has stepped down from his role and will be replaced by Executive Chairman Eric Jing, the financial technology giant said Friday. "The Ant Group Board of Directors has accepted Mr. Simon Hu's resignation request, due to personal reasons," Ant said in a statement. Hu's exit from the…
Ant Group CEO resigns for personal reasons By MICHELLE CHAPMANMarch 12, 2021 GMT FILE - In this Oct. 26, 2020, file photo, a view of the signage of Ant Group is seen at the headquarters compound of the fintech giant in Hangzhou in eastern China's Zhejiang province. The CEO of Ant Group, the world’s biggest financial technology company, has resigned from the company due to personal reasons. Ant Group thanked Simon Hu on Friday, March 12, 2021, for his contributions to the business. He had served as CEO since 2019. (Chinatopix Via AP, File) FILE - In this Oct. 26, 2020, file photo, a view of...