Hu's exit comes at a time when Ant Group is working on plans to shift to a financial holding company structure following regulatory pressure to subject it to rules and capital requirements similar to those for banks.

Tencent Holdings is currently China's largest game developer. It has even surpassed Alibaba Group Holding Ltd as Asia's most-valuable company with its shares rising above HK $500 on Wednesday

WeWork India has over 57,000 desks in 34 locations across NCR, Mumbai, Bengaluru, Pune and Hyderabad. The seats are available in the range of Rs 5,000-40,000 per desk per month

SoftBank-backed satellite operator OneWeb filed for bankruptcy in late March, adding to an impairment loss for investments held outside the Vision Fund that also includes part of the stake in WeWork

The board is largely comprised of SoftBank insiders and confidants. It includes Yasir al-Rumayyan, who heads the Saudi Arabian sovereign wealth fund that is the Vision Fund's biggest outside backer