Tag: Ant group
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CEO of China’s Ant Group steps down
Beijing, March 12 (AFP/APP):The chief executive of Chinese fintech giant Ant Group has stepped down for “personal reasons”, a spokesperson from the Alibaba-affiliated online payment provider said Friday, amid growing regulatory scrutiny. Simon Hu has been replaced as CEO by Ant Group executive Eric Jing, according to the company’s updated website, just months after Chinese…
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China to intensify supervision of booming fintech sector
China announced plans to boost supervision of the country’s huge fintech sector and beef up its anti-monopoly drive,