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Alibaba affiliate: China's Ant Group CEO leaves after failed IPO

Alibaba affiliate: China’s Ant Group CEO leaves after failed IPO
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Reuters
March 15, 2021
A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. PHOTO: REUTERS
BEIJING:
China’s Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant’s business, the first top management exit since a scuppered $37 billion initial public offering (IPO).
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 in a statement. ....

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China's Ant Group CEO Simon Hu Resigns - New Delhi Times - India's Only International Newspaper

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… ....

Eric Jing , China Ant Group , Ant Group Board Of Directors , Executive Chairman Eric Jing , Ant Group Board , எரிக் ஜிங் , சீனா எறும்பு குழு , எறும்பு குழு பலகை ஆஃப் இயக்குநர்கள் , நிர்வாகி தலைவர் எரிக் ஜிங் , எறும்பு குழு பலகை ,

China's Ant Group chief executive Simon Hu resigns

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 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. ....

Eric Jing , China Ant Group , Ant Group Board Of Directors , Executive Chairman Eric Jing , Ant Group Board , China 039 S , எரிக் ஜிங் , சீனா எறும்பு குழு , எறும்பு குழு பலகை ஆஃப் இயக்குநர்கள் , நிர்வாகி தலைவர் எரிக் ஜிங் , எறும்பு குழு பலகை ,

Ant Group CEO Simon Hu resigns, Eric Jing to replace him

Ant Group CEO Simon Hu resigns, Eric Jing to replace him
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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
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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 regulators to revamp operations after its failed $37 billion initial public offering (IPO). ....

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Simon Hu, CEO of China's Ant Group, steps down amid regulation-driven revamp

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 ....

Hong Kong , Jack Ma Alibaba , Eric Jing , China Ant Group , Alibaba Group Holding , Executive Chairman Eric Jing , Ali Baba , Jack Ma , ஹாங் காங் , பலா மா அலிபாபா , எரிக் ஜிங் , சீனா எறும்பு குழு , அலிபாபா குழு வைத்திருத்தல் , நிர்வாகி தலைவர் எரிக் ஜிங் , அலி பாபா , பலா மா ,