Ant Group CEO Announces Organizational Revamp and Key Appointments in Company-Wide Memo

Deep News09-21

Ant Group Co., Ltd. CEO Han Xinyi issued a company-wide memo on the evening of September 21, unveiling a series of organizational adjustments and leadership appointments designed to accelerate the company's push into the agentic commerce space.

Under the restructuring, the Alipay Business Group, the Digital Payment Business Group, and the Zhima Credit Business Unit will be consolidated into a newly formed Alipay Business Group. Wu Minzhi has been named President of the new Alipay Business Group, while also serving as Ant Group's Chief People Officer. Wu joined Ant Group in August 2021. Prior to that, she spent more than two decades at Alibaba Group, holding senior roles including President of the Alibaba International Trade Business Group, President of the B2B Business Group, and Chief Customer Officer, bringing extensive commercial expertise to her new position.

In his memo, Han emphasized that as AI technology advances and industry adoption accelerates, agentic commerce is poised for explosive growth. He noted that Alipay's previously introduced "dual flywheel" strategy was specifically designed to prepare for this moment. According to related data, the personal life assistant Abao has completed AI-driven upgrades across more than 10,000 services within three months of its launch, and has achieved cross-device connectivity with smartphones, car systems, smartwatches, and glasses. AI payment has built a full-stack AI payment product system, becoming the first to process 300 million AI-powered transactions. The "Tap-to-Pay" feature has rapidly expanded offline payment market share, opening a new digital operations gateway for merchants.

The core objective of this organizational adjustment is to further consolidate technological, product, and ecosystem capabilities while strengthening the merchant service system—ensuring that every user has an AI-powered wallet and life assistant, every merchant can better serve customers and drive business growth through Alipay's AI open platform, and Alipay's agentic commerce ecosystem becomes more convenient, secure, and trustworthy in the AI era.

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