Ant Group Names CEO; Founder Sees Potential for Ant in AI

MT Newswires Live

2024/12/10

Alibaba (HKG:9988) affiliate Ant Group's President and Chief Financial Officer Cyril Han will become chief executive officer, effective March 1, 2025, according to a Sunday press release.

Han will succeed Eric Jing, who will relinquish the CEO role but will remain Ant's chairman.

Meanwhile, Alibaba founder Jack Ma said the affiliate has potential in the artificial intelligence sector, Reuters reported Monday, citing remarks recorded by Chinese news outlet 36kr.

"The great changes brought by the AI era in the next 20 years will exceed everyone's imagination," Reuters quoted Ma as saying during the 20th anniversary of Ant Group.

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