Ant Group reorganizes Alipay, creating Alipay Business Group with Wu Minzhi as president
Ant Group reorganizes its structure to form a new Alipay Business Group by merging the Alipay, Digital Payment, and Sesame Credit units. Wu Minzhi is appointed president of the new group and will also serve as Ant Group's Chief Product Officer. The move aims to accelerate AI-driven, ecosystem-backed commerce and expand Alipay’s smart-ecosystem capabilities.