On March 19, Ant Group Chairman and CEO Jing Xiandong announced in a full letter the group's largest organizational structure upgrade since 2020: Ant Group CFO Han Xinyi became Ant Group President, fully responsible for digital payments, digital interconnection and digital finance business, reporting to Chairman and CEO Jing Xiandong; Ant International, OceanBase, Ant Digital Technology began to operate independently, and set up a board of directors, implementing the CEO responsibility system under the leadership of the board of directors.。

It is reported that the restructuring of the Ant Group is not a sudden move.。A year ago, the group had discussions and plans around setting up an independent company for the innovation business.。This adjustment continues Ant's strategy of market-oriented organizational change and promoting the rejuvenation of the management team, which will further stimulate organizational vitality.。

Jing Xiandong said in a letter to all staff that the organizational upgrade is to lay the foundation for further accelerating the pace of reform and promote the operation of Ant's three major strategies of "AIFirst," "Alipay Double Flywheel" and "Accelerating Globalization."

• "AI First": Embrace intelligent change and promote the combination of AI technology and business scenarios。

• "Alipay double flywheel": digital payment, digital interconnection two services in parallel, through content, digital to provide merchants with better payment, marketing, transactions and other services。

• "Accelerating Globalization": Accelerating Ant's cross-border payment and marketing solutions in overseas markets will be Ant International's next focus.。

It is understood that Ant Group has launched a variety of AI products in the past year, such as the consumer-oriented financial intelligent assistant "Zhi Xiaobao 2.".0, "for industry experts in the financial business assistant" support small help, "Bailing language model and so on, their landing process can not be separated from OceanBase and Ant Mathematics technical support.。

On the other hand, OceanBase and Ant Digital are the two most mature business segments for Ant Technology's commercialization.。OceanBase is the largest commercial cloud database in China, and Ant Digital has developed a number of technical products such as the blockchain platform Ant Chain, full-link wind control products and services Ant Shield, mobile development platform mPaaS, PaaS platform product SOFAStack, and digital collection sales platform Whale Scouting.。

Management changes: new faces appear

According to public information of Ant Group, Han Xinyi joined Ant Group as Senior Director of Investment in May 2014, CFO of Ant Group in April 2020, and Executive Director of the Board of Directors in January 2023.。Over the past ten years, he has been deeply involved in the group's Alipay business and has played an important role in strategic decision-making many times.。

For the other three business innovation sectors, many new faces have been launched into management.。Among them, the chairman and CEO of Ant International are Jing Xiandong and Yang Peng, respectively.。

Prior to joining Ant, Peng Yang served as Global Vice President of Dell Technologies and held management positions in product development, strategy and market development in Greater China, Asia Pacific and emerging markets around the world.。After joining, he worked for Alipay for many years, leading and promoting the development of Alipay's digital livelihood services, with rich industry experience and international vision.。

The chairman of OceanBase and Ant Mathematics is Ni Marching, chairman of Ant Technology Strategy Committee and former president of Alipay Business Group, and the CEOs are Yang Bing and Zhao Wenbiao, respectively.。

Since joining Ant in 2009, Yang Bing has led and participated in the technical transformation of the "Double Eleven," and he is the main promoter of Ant Group's external financial-grade cloud-native platform, the technical leader of Ant Group's middleware team, and one of the core contributors of Ant Group's independent research and development technology.。

Zhao Wenbiao holds dual doctorates from Shanghai Jiaotong University and Rutgers University, and has obtained and declared more than 120 technology patents, and is an authoritative expert in the field of intelligent wind control and security technology.。Prior to joining Ant, he served as vice president of American Express, overseeing the credit and fraud risks of individuals and micro and small businesses, and has since led the construction of the core wind control system for Alipay and Ant Group.。

Jiang Guofei, the former head of Ant Mathematics, is no longer serving as president because of his personal life and career plans.。

Business independence: specializing in sophisticated areas

At the business level, Ant has also initiated important changes。

Since 2022, Alipay has developed two business segments, digital payment and digital interconnection, after a series of changes.。On the basis of strengthening the continuous innovation of payment products, focus on the digital needs of Internet users and merchants, and form a new business ecology through content and digitalization.。After this organizational change, Ant Group will have greater strategic investment in Alipay。

In addition to Alipay, Ant's technology and globalization business has also undergone major adjustments, pushing forward a comprehensive reform of its fintech business.。In recent years, Ant has continued to advance its technology and globalization strategy, hatching innovative business segments such as Ant International, OceanBase and Ant Digital.。

Similar to the previous organizational change of Ali Group's "1 + 6 + N," as Ali's business is too complex, trying to solve the problem of redundancy by splitting the business.。After this adjustment, Ant Group initially formed a "1 + 3" pattern, "1" is Ant Group, "3" is the start of independent operation of Ant International, OceanBase and Ant Mathematics.。

The difference is that Ant International, OceanBase and Ant Digital are not big businesses within the group, turning them into independently operated subsidiaries in order to give them more room to grow, and in the future they will all be independently market-oriented for financing.。The move is expected to drive the transformation of Ant Group, focusing on artificial intelligence, accelerating globalization and the development of Alipay.。

As these three sectors are still in a loss-making state, the Group will continue to provide support at the four levels of corporate governance, technology, wind control and capital.。In terms of talent attraction and retention, the three companies will also introduce more appropriate equity incentive plans this year to allow employees to share the results of business development with greater relevance while taking on greater responsibility.。

Some industry insiders pointed out that the small accounting unit, strengthen business responsibility has been the inevitable trend of many diversified companies in the development process.。Based on this extrapolation, it is not ruled out that Ant will have other mature business segments to conduct independent。In this regard, Jing Xiandong also revealed in the letter that there are many emerging businesses within the ant system are hatching and growing, such as medical and health services, sesame credit, small wallet and so on.。Next, Ant will also create an environment for innovative businesses within the group to help them gradually become independent and market-oriented.。