Ant Group reorganizes Alipay, forming a new Alipay Business Group with Wu Minzhi as president
Ant Group announces an organizational restructuring to merge the Alipay-related groups into a new Alipay Business Group. Wu Minzhi is appointed as president of the new group and will also serve as Ant Group's Chief Product Officer. The move aims to accelerate the AI-driven smart ecosystem across payments and services.