Alibaba (HKG:9988) affiliate Ant Group's President and Chief Financial Officer Cyril Han will become chief executive officer, effective March 1, 2025, according to a Sunday press release.
Han will succeed Eric Jing, who will relinquish the CEO role but will remain Ant's chairman.
Meanwhile, Alibaba founder Jack Ma said the affiliate has potential in the artificial intelligence sector, Reuters reported Monday, citing remarks recorded by Chinese news outlet 36kr.
"The great changes brought by the AI era in the next 20 years will exceed everyone's imagination," Reuters quoted Ma as saying during the 20th anniversary of Ant Group.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments