Ant Group CEO Simon Hu Said to Resign, Jing to Take Position

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Ant Group CEO Simon Hu Said to Resign, Jing to Take Position

Bloomberg2021-03-12

Ant Chairman Jing will take over as CEO with immediate effect Hu took over as CEO in 2019 and resigned for personal reasons Ant Group Co. Chief Executive Officer Simon Hu resigned from the company, ...

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Wzhang
·2021-03-15
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逢場作戲又一日
·2021-03-14
Ant ant
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Eric Jing, already Ant’s chairman, will become CEO as well effective immediately, the person said. An Ant spokesperson confirmed Hu’s resignation.\nHu, who joined Alibaba Group Holding Ltd. in 2005 after working at China’s second-largest lender China Construction Bank, had built a reputation for rolling out innovations such as using data analytics to offer collateral-free financing services to small businesses and helping Alibaba beat Amazon.com Inc. to build Asia’s largest cloud business.\nHe moved from Alibaba to Ant in November 2018 as president, and took over as CEO in December 2019.\nAnt has been at the center of a regulatory crackdown as China takes aim at the push of technology firms into finance. Its $35 billion initial public offering was abruptly suspended in November. 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