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China's Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant's ...

Ant Group CEO Simon Hu resigns due to personal reasons Hu's exit comes at a time when Ant Group is working on plans to shift to a financial holding company structure following regulatory pressure to subject it to rules and capital requirements similar to those for banks. "The Ant Group Board of Directors has accepted Mr. Simon Hu's resignation request, due to personal reasons," the company said. Simon Hu, the Chief Executive Officer (CEO) of China's Ant Group, has resigned from his position. Executive Chairman Eric Jing will replace him. "The Ant Group Board of Directors has accepted Mr. Sim...

Crude oil exports from Saudi Arabia to China nearly doubled in size over the past year from 920,000 barrels per day to around 1.8 million barrels, CNBC reported in August. Needless to say, the financial impact from an attack on Saudi oil infrastructure will be more felt in China than in the U.S.... Read More...

NEW YORK: Ant Group Co told employees it would eventually go public and promised to help those who need to monetise their shares sooner, seeking to boost morale four months after Chinese regulators torpedoed the fintech giant’s blockbuster listing.

You have successfully joined our subscriber list. The “short-term liquidity solution” will be a program that presupposes buying back some of the Ant Group employees’ shares. Chinese online payments company Ant Group has said it is looking for a “short-term liquidity solution” to help its employees monetize shares after its cancelled initial public offering (IPO). According to the company’s executive chairman Eric Jing, the solution will take effect in April. Besides, in a post on the internal website, Ant Group’s leader promised the company would eventually go public. The “sho...