CEO of China's Ant Group steps down
Simon Hu has been replaced as CEO by Ant Group executive Eric Jing
Image Credit: Arshad Ali/Gulf News
Beijing: The chief executive of Chinese fintech giant Ant Group has stepped down for "personal reasons", a spokesperson from the Alibaba-affiliated online payment provider said Friday, amid growing regulatory scrutiny.
Simon Hu has been replaced as CEO by Ant Group executive Eric Jing, according to the company's updated website, just months after Chinese authorities pulled the plug on the company's colossal Hong Kong IPO.