Ant Group announced Monday a major organizational restructuring in a company-wide letter.

This follows the confirmation of Han Xinyi as the group’s incoming CEO, a position he will take on starting March 1, 2025.

The restructuring introduces two new business groups: the Digital Payment Group and the Alipay Business Group, focusing on digital payments and AI strategies.

These groups will operate under a rotating presidency system where each president will serve for six months.

Qin Yi and Pu Tian have been designated as the first rotating presidents for their respective groups.

Han also outlined future priorities, including advancements in healthcare, Sesame Credit, and the circular economy.

Recent Ant Group developments