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China's Ant Group chief executive Simon Hu resigns  12 Mar 2021 - 16:25 Simon Hu, CEO of Ant Group, is seen on a giant screen as he delivers a speech at the INCLUSION Fintech Conference in Shanghai, China September 24, 2020. REUTERS/Cheng Leng/File Photo Reuters 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 on 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 t...

Ant Group CEO Simon Hu said to resign, Jing to take position Premium Ant Group has been at the center of a regulatory crackdown as China taking aim at the push of technology firms into finance (Photo: Reuters) . Updated: 12 Mar 2021, 06:53 PM IST Bloomberg Simon Hu resigned for personal reasons, Eric Jing, already Ant’s chairman, will become CEO as well effective immediately, the report said Share Via Read Full Story Ant Group Co. Chief Executive Officer Simon Hu resigned from the company, according to a person with knowledge of the matter, as the company overhauls its business. Hu resig...

Simon Hu: Ant Group CEO resigns CNN 3/12/2021 © STR/AFP/Getty Images Simon Hu pictured at a conference in 2018. Simon Hu has resigned as chief executive officer of Ant Group, months after the digital payments company was forced to pull its IPO amid a crackdown by Chinese regulators. "The Ant Group Board of Directors has accepted Mr. Simon Hu's resignation request, due to personal reasons," said a spokesperson for the Alibaba affiliate. "We are thankful to Simon for the efforts he made at our company," the spokesperson added. Chairman Eric Jing has been named Ant Group's new CEO, accordi...

Ant Group CEO Simon Hu resigns, Eric Jing to replace him SECTIONS Ant Group CEO Simon Hu resigns, Eric Jing to replace himBy ​​Yingzhi Yang & Cheng Leng, Reuters Last Updated: Mar 12, 2021, 07:28 PM IST Share Synopsis Simon Hu’s resignation as Ant Group CEO comes at a time when the fintech giant is being pushed by regulators to revamp operations after its failed $37 billion IPO. Reuters Simon Hu, chief executive officer of Ant Group. 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 regu...

Hu’s exit from the company comes as Ant is working on plans to shift to a financial holding company structure following intense regulatory pressure to subject them to rules and capital requirements similar to those for banks