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Jack Ma's Ant Financial names new CEO to oversee IPO in 2017

Tuesday, October 11, 2016 - 05:50
This isn't the first time Alibaba and its affiliates have shuffled top management. Prior to Alibaba's 2014 IPO, Mr Ma stepped down as CEO to take on a more strategic planning role.

Hong Kong

ANT Financial, the online financial services giant controlled by billionaire Jack Ma, has appointed a new chief executive to steer its next phase of growth and orchestrate an initial public offering (IPO) that is expected next year.

Mr Ma's choice to lead the Alibaba