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developing | Ant Group reorganizes part of its business into units and promotes veteran financial officer to president to promote growth
Ant Group has reorganized parts of its business into independently run business units to oversee what China’s leading electronic payment service calls a “series of organizational changes” to boost growth. Promote the finance director.
Ant International, Oceanbase and Ant Digital Technologies will each have boards of directors as independently run business units, according to a letter to employees seen by the newspaper.
Cyril Han Xinyi, who has been with the group for 10 years and has been Ant Group’s chief financial officer since 2020, has been promoted to president and will report directly to Ant Group chairman and chief executive officer Eric Jin. The letter states that. Han has been with the group since 2014 and will be responsible for payments, connectivity and digital finance businesses, the letter said.
Mr. Jin will take on the additional role of chairman of Ant’s international business, and Mr. Yang Peng will serve as chief executive officer. Ni Xingjun will become chairman of Oceanbase, which manages the group’s financial database, and Yang Bing will be appointed chief executive officer.
Mr Nee will also become chairman of Ant Digital Technologies, one of several companies participating in the pilot of Hong Kong’s wholesale central bank digital currency (wCBDC) platform. According to the letter, Zhao Wenbiao will be appointed CEO of AntDigital, while Jeff Jiang will step down as president for “personal and career planning.”
The restructuring is “just one of countless growth stages in Ant’s future,” Jin wrote in an email. “Ant Group will continue to foster a stimulating environment that will generate more new talent.” [businesses] To grow and blossom for market success and create greater social value. ”
More details will follow….
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