China's Ant Group CEO Simon Hu leaves after failed IPO prompts revamp

China's Ant Group CEO Simon Hu leaves after failed IPO prompts revamp

Photo: Markus Winkler/Unsplash

China’s Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant’s business, the first top management exit since a scuppered $37 billion initial public offering.