Ant Group's CFO Cyril Han to become CEO

Cyril Han will step into the role of CEO at Ant Group on March 1, 2025, succeeding Eric Jing, who will remain chairman.

The leadership change was communicated through an internal memo from the company and later validated by a spokesperson.

Han, currently the CFO, will be responsible for managing all business segments. He will report to Jing and the board of directors.

Recent Ant Group developments

Timeline
16-Nov-2024 📈 Ant Group sees profit surge 193% in Q2 Ant Group reports profit of 7.5 billion yuan Significant turnaround after previous losses reported
20-Sep-2024 💰 Ant Group raises $6.5b refinancing for HK, SG units Ant Group raises US$6.5 billion for refinancing. Includes $5B for Alipay and $1.5B for subsidiary.
05-Aug-2024 💳 Ant Group’s 2C2P slashes 2023 losses by 93% 2C2P sees 5% revenue growth in 2023 Partners with major brands to expand payment solutions
25-Mar-2024 💰 Ant Group pumps $148m into SG digibank unit Anext Bank Anext Bank secures US$148M from Ant Group Total Ant investments exceed US$503M in Anext
05-Sep-2023 🌍 Ant Group expands Alipay+ integrations in the Philippines Alipay+ adds support for 3 new mobile wallets Expanding payment options amid tourism recovery
02-Aug-2023 💳 Ant Group partners with DFS for luxury travel retail

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