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Ant Group adjusts Alipay's organizational structure: merging three major business segments, with Wu Minzhi appointed as president of the new business group, focusing on intelligent agent commerce.
Ant Group CEO Han Xinyi issued an all-hands letter on September 21, announcing organizational adjustments and personnel appointments for Alipay. According to the adjustments, the Alipay Business Group, Digital Payment Business Group, and Zhima Credit Business Department will merge to form a new Alipay Business Group. Wu Minzhi will serve as the president of the new business group and continue to hold the position of CPO at Ant Group. This adjustment aims to further advance the intelligent agent business layout, integrate platform operations, digital payments, and credit services, and strengthen user service and merchant operational capabilities.
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