The Chinese "ant" attempts to restore growth momentum by reorganizing its leadership

The president of ‘Ant Group’, Cyrill Han, will take over as CEO from March 2025, while the huge financial technology business is trying to rebuild the growth momentum after a government that narrows the campaign on the internet sector. Han will replace Eric Jing as executive president on the first March and will be responsible for all sectors of business and daily management, according to an internal memorandum seen by “Bloomberg” confirmed by the company’s spokesman. Jing will remain the chairman of the board of directors of the company, and Han, who is also the financial manager, will be organized and presented activity reports to him and to the Board of Directors. Ant’s reform about four years ago, the authorities in China suddenly suspended the initial general offer of the company -by Jack Ma, who could be the largest in the world, and ordered them to reform her business model to comply with financial regulations. “Ant”, based in Hangzhou, reorganized its units and is based on the development of new developments in technology and artificial intelligence to reactivate matters to the organizational restrictions that have affected the growth of profits and registered online loan activities. ‘Ant’ works to expand its business using artificial intelligence products in areas that eat, on request, entertainment services, healthcare and financing, which plays an increasing role in the lives of Chinese people. Global growth The profits of the company grew by 193% in the quarter to finish in June to violate a general decline path. ‘Ant’ says it develops its global business through ‘Ant International’, which works to improve its four major pillars of business this year, which are ‘Ali Bay+’, ‘Antom’, ‘WorldFirst’ and ’embedded’ finances). In March, the company erected independent councils for its international units and those involved in digital technology to pave the way to separate the companies in the future.