Page 31 - Eric Jing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/chinas-ant-group-ceo/"></div>(Reuters) – China’s Ant Group Chief Executive Officer Simon Hu has resigned from his role, the company said on Friday, as the financial technology giant is being pushed by regulators to overhaul its business after its failed $37 billion initial public offering. Hu, who was named chief executive of the Alibaba Group Holding affiliate in […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Setting...

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 i...

Simon Hu, the CEO of Jack Ma's Ant Group, resigned for personal reasons, Bloomberg first reported.

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Hu, who was named chief executive of the Alibaba Group Holding affiliate in 2019, will be replaced by company veteran and Executive Chairman Eric Jing, Ant said. U.S.-listed shares in billionaire Jack Ma's Alibaba were down 2.6% in premarket trade on Friday.