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Ant Group Execs Step Away From Alibaba Amid Probes in China

July 27, 2022
Source: pymnts.com pymnts.com
News Snapshot:
Ant Group executives are stepping down as partners of affiliate company Alibaba as the two biggest tech firms in China seek distance from one another against a backdrop of increased regulatory oversight. CEO and Chairman Eric Jing and Chief Technology Officer Xingjun Ni left Alibaba four months ago along with seven other executives, according to Alibaba’s annual report published on Tuesday (July 26). Alibaba executives Simon Hu and Shuai Wang retired and are also no longer part of the partnership, CNBC reported . See also: 2C2P Teams With Ant Group to Advance Digital Payments in Southeast Asia Established in 2010,...
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