Ant Group

China’s Ant Group changes fintech rules as CEO steps down

Simon Hu, the firm’s chief executive and executive director, resigned from his roles for personal reasons

Changes come as Ant revamps its entire business following the abrupt cancellation of its IPO

2 min read

Founder of Alibaba Group Jack Ma was expected to appear at the finale of his talent show Africas Business Heroes, in which entrepreneurs pitch to Ma and receive a slice of the $1.5m prize from his foundation. However, Ma was replaced by another Alibaba executive for the November episode

Where is Jack Ma? Chinese billionaire suspected ‘missing’ after Ant Group IPO suspension

Speculation about Ma's disappearance from public view is rife after he missed his own entrepreneurship competition

2 min read

An employee works inside the Ant Group Co. headquarters in Hangzhou, China.

Mystery solved over how Jack Ma’s Ant IPO got derailed

Xi has displayed diminishing tolerance for big private businesses that are perceived to have challenged both his rule and the stability

3 min read

Delayed IPO or not, China’s Ant Group is an unsung hero of liberalisation

The abrupt suspension of Ant Group's IPO may reflect Chinese authorities' displeasure with Jack Ma, who was critical of regulators' attitude to fintech innovation. Is Ma right?

5 min read