Friday, 24 March, 2023

Ant Group CEO Simon Hu leaves after failed IPO, increase scrutiny

<p>China&rsquo;s Ant Group CEO Simon Hu has resigned amid a regulatory-driven overhaul of the fintech business. Hu, CEO of the Alibaba Group company since 2019, will be replaced by Executive Chairman Eric Jing. Hu&rsquo;s exit is the first key management change since a scuppered $37 bn IPO. He was a key executive responsible for managing the company&rsquo;s mega dual-listing in Hong Kong and Shanghai.</p>