This morning, Ant Group Chairman and CEO Jing Xiandong announced through a letter to all employees that Ant Group President Han Xinyi will officially take over as Ant Group CEO from March 1, 2025, fully responsible for Ant Group's various businesses and daily management work, and report to Jing Xiandong and the board of directors. In the future, Jing Xiandong will focus on serving as the chairman and fully support Han Xinyi and the management team.
According to public information, Han Xinyi was born in 1977 and was admitted to the School of Economics and Management at Tsinghua University in 1995. He obtained a Bachelor's degree in Economics and a Master's degree in Economics from Tsinghua University in July 1999 and June 2001, respectively. From July 2001 to September 2011, Han Xinyi worked in the Investment Banking Department of China International Capital Corporation Limited.
Han Xinyi joined Ant Group in May 2014 and has been with the company for over ten years. Han Xinyi has served as a senior director and vice president. Prior to joining Ant Group, he joined Alibaba Group in September 2011 as Senior Director of Corporate Finance.
Since April 2020, Han Xinyi has served as the Chief Financial Officer of Ant Group, and since January 2023, he has been an Executive Director of Ant Group, deeply involved in business and playing an important role in Ant Group's strategic decision-making. In March 2024, Ant Group announced the upgrading of its organizational structure. Han Xinyi became the president of Ant Group, focusing on the "Alipay dual flywheel" strategy, taking full responsibility for digital payment, digital interconnection and digital finance business, and reporting to Chairman and CEO Jing Xiandong.
At the 2024 Bund Conference, Han Xinyi said that in the past two years, Ant has accelerated AI application layout with Alipay as the core, and has served hundreds of millions of users in travel, government, medical, financial and other scenarios. Han Xinyi said that the big model is moving from "competing parameters" to "competing applications". Ant and Alipay will firmly embrace the AI wave and create the ultimate experience for users with AI.
Jing Xiandong highly praised Han Xinyi in the letter: During his ten years of serving Ant, he has made important contributions to the company's development with sharp 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, "said Jing Xiandong. He believes that in his position as CEO, Han Xinyi will be able to lead the team to continuously create more surprises.
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 our participation and efforts in making 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 beginning, which is sure 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