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Ant CEO Simon Hu Xiaoming has resigned

Ant Group
Photo by Long Wei/VCG via Getty Images

Following Ant Group's failed IPO last year, Simon Hu Xiaoming has stepped down from his position as CEO of the company. Ant chairman Eric Jing Xiandong will replace him.

Hu helped establish AliFinance, which eventually became Ant Group, in 2009, and has been CEO of the company since 2019.

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