This morning, Ant Group issued an article on the official account saying that Jing Xiandong, chairman and CEO of Ant Group, announced through a letter from all members that Han Xinyi, president of Ant Group, would formally take over the post of CEO of Ant Group from March 1, 2025, and be fully responsible for the business and daily management of ants. In the future, Jing Xiandong will focus on serving as the chairman and fully support Han Xinyi and the management team. Jing Xiandong has served as the executive chairman of Ant Group since April 2018. He joined Alipay in September 2009 and served successively as the senior vice president and chief financial officer of Alipay, the chief operating officer of Ant Group, the president of Ant Group, and the chief executive officer of Ant Group. Jing Xiandong graduated from the School of Management at Shanghai Jiao Tong University in July 1994 with a Bachelor of Engineering degree in Technical Economics from the Department of Economic Management and Decision Science; I graduated from the Carlson School of Management at the University of Minnesota in July 2005 with a Master's degree in Business Administration. Before joining Ant Group, he served as the Senior Corporate Finance Director and Vice President of Finance at Alibaba (China) Network Technology Co., Ltd. from January 2007 to August 2009.
Han Xinyi joined Ant Group in May 2014 and has served as Senior Director and Vice President. He has been serving as Ant Group's Chief Financial Officer since April 2020. Han Xinyi obtained a Bachelor's degree in Economics and a Master's degree in Economics from Tsinghua University in July 1999 and June 2001, respectively. Previously, from July 2001 to September 2011, Han Xinyi worked in the Investment Banking Department of China International Capital Corporation Limited. He joined Alibaba Group in September 2011 as the Senior Director of Corporate Finance.
The following is the full email from Jing Xiandong to Ant employees:
Dear classmates
Today is the 20th birthday of Alipay and Ant Group. Looking back, the luckiest thing for us is our persistence in our dreams - with the help of technology, every small business and every ordinary person can have equal opportunities for development; What we are most proud of is that our participation and efforts have made mobile payments a part of everyone's daily life, allowing small businesses to enjoy the same financial services as large enterprises, and making digital life accessible anytime, anywhere... Looking ahead, the new decade of Ant Technology is opening, which is destined to be another exciting journey of innovation and entrepreneurship.
Over the past twenty years, it is the generations of ant people who have not forgotten their original aspirations, carried forward the relay, and achieved the steady and far-reaching development of the ant industry. Today, in various key positions of Ant, the younger generation is growing into the backbone. They have a better understanding of the future and are more capable of creating it. Based on a solid talent foundation and strong confidence in organizational succession, I am pleased to announce that, through a board resolution, Cyril Han will officially take over as CEO of Ant Group from March 1, 2025, and will be fully responsible for Ant Group's various businesses and daily management work, reporting to me and the board of directors. In the future, I will focus on serving as the chairman and fully support Han Xinyi and the entire management team.
Cyril joined Alipay in 2014 and served successively as Vice President of Strategic Investment, CFO and Group President. During his ten years of serving Ant, he made significant contributions to the company's development with keen and profound strategic insights and diligent professional spirit. Since he became the president of Ant Group in March this year, he has led the team to continuously promote Alipay to make a series of innovative changes with outstanding leadership. Not only that, his humble, upright, impartial qualities and open and inclusive approach have also been unanimously recognized by the team. I believe that in the position of CEO, Cyril will be able to lead everyone to continuously create more surprises.
In 2016, I took over the CEO baton from Lucy. Today, with the same belief and expectation, I hand over the CEO baton to Cyril, paying tribute to Ant's 20th birthday with the inheritance of dreams and responsibilities! In the future, I will work together with Cyril, the management team of Ant, and all Ant classmates to forge ahead and create a better future for Ant!
Inheriting the torch and striving for brilliance together. Cyril, come on, ants, come on!
Ant Group Chairman and CEO Jing Xiandong
December 8th, 2024