Finance Breaking news Ant Group CEO resigns last financial news

Breaking-Finance.Com - Ant Group CEO Simon Hu has resigned for "personal reasons" months after the Chinese fintech giant was forced to abandon its IPO amidst regulatory pressure.

Finance Breaking news Ant Group CEO resigns last financial news

Breaking-Finance.Com - Ant Group CEO Simon Hu has resigned for "personal reasons" months after the Chinese fintech giant was forced to abandon its IPO amidst regulatory pressure.

Finance Breaking news Ant Group CEO resigns last financial news
12 March 2021 - 20:45

Breaking-Finance.Com - Ant Group CEO Simon Hu has resigned for "personal reasons" months after the Chinese fintech giant was forced to abandon its IPO amidst regulatory pressure. Executive chairman and former chief executive Eric Jing takes over again as CEO at the firm, which is controlled by Jack Ma.

.Ant's planned $37 billion IPO was derailed late last year by China's move to impose tighter restrictions on fintech firms entering the banking market.Since then the group has reportedly agreed on a restructuring plan with China’s regulators that will turn the fintech giant into a financial holding company subject to capital requirements similar to those for banks.

Source = Breaking-Finance.Com

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Finance Breaking news Ant Group CEO resigns last financial news


Finance Breaking news Ant Group CEO resigns last financial news


Finance Breaking news Ant Group CEO resigns last financial news


Finance Breaking news Ant Group CEO resigns last financial news

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