Top Ant executive pulls out of Alibaba partnership

Seven Ant Group company executives step down as partners Ali Baba Group Holding Limited, as both the companies want to chart different courses from each other.

Eric Xing, President and Chief Executive of Ant; Chief Technology Officer Jingjun Ni; Chief People Officer Songbai Zeng; And four others were no longer Alibaba’s partners as of May 31, according to Alibaba’s annual report released Tuesday.