Ant Group’s chief executive Simon Hu resigns, becoming highest-ranking casualty from the fallout of fintech company’s abandoned US$35 billion stock sale

//Ant Group’s chief executive Simon Hu resigns, becoming highest-ranking casualty from the fallout of fintech company’s abandoned US$35 billion stock sale

Ant Group’s chief executive Simon Hu resigns, becoming highest-ranking casualty from the fallout of fintech company’s abandoned US$35 billion stock sale

Simon Hu Xiaoming, one of the key figures in Ant Group’s explosive transformation from an online payment service into the world’s largest fintech group, has resigned as chief executive officer (CEO).Hu, 51, will step down as CEO and executive director to devote his “full efforts towards philanthropic work,” according to a letter by Ant Group’s chairman Eric Jing Xiandong to the fintech company’s staff, seen by South China Morning Post. “We have decided to respect Simon’s personal request and…

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By | 2021-03-12T12:53:48+00:00 March 12th, 2021|Technology|Comments Off on Ant Group’s chief executive Simon Hu resigns, becoming highest-ranking casualty from the fallout of fintech company’s abandoned US$35 billion stock sale