Simon Hu, CEO of Ant Group, said in an internal email on March 12 that he will resign and will be in charge of Ant ecological social welfare-related projects in the future, according to 36kr.com.
After his departure, Eric Jing, chairman of Ant Group, will also serve as CEO of Ant Group.
In response to the report, Ant Group said: "The situation is true, the board of directors agreed to this request based on personal wishes, and thanked Simon Hu for his efforts and dedication to the company.
Last November, Ant's IPO was called off, and on November 2, Chinese regulators interviewed Jack Ma, Ant Group's de facto controllers, and Jing and Hu.
Should Ant successfully go public, it was expected to raise 230 billion yuan, a size that would have surpassed Saudi Aramco and made it the world's largest IPO.
Now with the Ant Group's rectification and the departure of its CEO, the Ant Group's path to IPO has become more unpredictable.
Jack Ma's Ant Group files for dual listing in Hong Kong and Shanghai
(Source: Ant Group)
