Cyril Han will be appointed CEO of Ant Group in March 2025

Last updated: December 9, 2024 11:46 am

By bexib 3 Min Read

Cyril Han ant groupThe company’s president and current chief financial officer will assume the role of CEO on March 1, 2025. bloomberg.

Mr. Han will succeed Mr. Eric Jin, who will remain the company’s chairman. He will continue to report to Mr. Jin and the Board of Directors.

The leadership changes come as Ant Group strengthens its focus on growth through its Alipay platform, artificial intelligence (AI) and global expansion.

The company leverages AI-powered solutions to power its services in areas such as dining, ride-hailing, entertainment, healthcare, and finance.

Ant International, the global arm of the Singapore-headquartered group, has reported significant growth across its four key business pillars: Alipay+, Antom, WorldFirst and Embedded Finance.

These services aim to support businesses of all sizes, especially small and medium-sized enterprises (SMEs), in their digital transformation and financial inclusion efforts.

Alipay+, Ant International’s cross-border payments platform, has reached over 90 million merchants in 66 markets with 1.6 billion customers through partnerships with 35 e-wallets and national QR code schemes, including Singapore’s SGQR and Malaysia’s PayNet. Connecting to your user account.

Notably, more than 90% of these sellers are small and medium-sized businesses, highlighting Ant’s focus on comprehensive digital transformation.

Alipay+ also reported a 3x increase in cross-border transactions in 2024 compared to the previous year.

Antom, which provides merchant payments and digitization services, has seen gross payments almost double year-on-year.

Innovations such as Antom Copilot, which reduces payment channel integration time to just minutes, and Antom EasySafePay, which simplifies digital wallet transactions, have helped merchants increase efficiency and success rates.

WorldFirst is a platform that provides digital payments and financial services for global enterprises, with cumulative trading volume of over USD 300 billion and continued strong growth momentum.

Using AI and blockchain technology, Ant International also provides credit and lending solutions to underserved small and medium-sized businesses through its embedded finance arm.

These efforts have helped millions of first-time borrowers, more than 95% of whom had no prior credit history.

Yan Peng

“We believe that travel, trade, technology and talent are key drivers of inclusive and sustainable growth across countries and industries. It has been a year of change.

In 2025, we will continue to focus on supporting small and medium-sized enterprises across borders with innovative and reliable digitalization solutions powered by AI through expanded public-private partnerships. ”