Ant Group’s president Han to become CEO in March; Jing to stay as chairman
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Ant is the financial affiliate of e-commerce giant Alibaba Group, which owns 33 per cent.
PHOTO: REUTERS
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BENGALURU – The president and financial chief of China’s Ant Group, Mr Cyril Han, will take over from Mr Eric Jing as chief executive from March 1, showed an internal memo seen by Reuters which was confirmed by a spokesperson.
Mr Han will continue to report to Mr Jing, who will remain as chairman, the memo showed.
Mr Han became president in March
As president, Mr Han was responsible for Ant’s digital payments, digital connectivity and digital finance businesses.
Ant is the financial affiliate of e-commerce giant Alibaba Group, which owns 33 per cent. It operates mobile payment app Alipay and was valued at over US$300 billion in mid-2020 before an initial public offering that was pulled due to regulatory concerns.
Mr Han joined Alipay in 2014. He has held several positions at the group, including those of vice-president of strategic investment, chief financial officer and president, the memo showed.
Ant reported January-to-March net profit of 7.59 billion yuan (S$1.5 billion). REUTERS
