Alibaba (NYSE:BABA) – Ant Group CEO Simon Hu Resigns

Alibaba (NYSE:BABA) – Ant Group CEO Simon Hu Resigns

The Chinese digital payments company Ant Group, an affiliate of Alibaba Group (NYSE: BABA), has announced the resignation of CEO Simon Hu.
What Happened: Hu served as chief executive since December 2019 and was Ant Group’s president from November 2018 to December 2019. He was previously president of Alibaba Cloud from November 2014 to November 2018.
The company announced that Hu was…

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